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.
Arkadyevitchizing America since 2006
By the time you panic, it is way too late -- Lee Raymond, New York Times, July 6, 2008
Every gun that is made, every warship launched, every rocket fired, signifies a theft from those who are hungry and not fed; from those who are cold and not clothed. This world-in-arms is not spending money alone; it is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. Dwight D Eisenhower, 11/16/53
Sunday, January 07, 2007
Manhattan Luxury Real Estate continues to inflate
Um, does this somehow not sound sustainable?
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