One of the biggest price surges in Manhattan took place on the Upper West Side, where four-bedroom and larger apartments cost an average of $5.7 million, or a 48 percent increase over the fourth quarter from 2005.If you haven't been keeping track, the fourth quarter from 2005 was one year ago. This is a year-on-year increase of one half. It's nice to see exorbitant unearned bonuses for financiers going into transitory housing prices.
Sunday, January 07, 2007
Manhattan Luxury Real Estate continues to inflate
Um, does this somehow not sound sustainable?
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