250k salaried families don't own in Manhattan, it's impossible for the most part.
There is indeed a lot of leverage, but also a lot of foreign money helping.
The market is not hot here despite what CNBS may be reporting, but at the same time, it's nowhere near as bad as Tampa or Central Valley. There are no forward drivers to speak of, however, due to conditions in the financial space.
In the end though, while not entirely true, Manhattanites have more right than others in saying, "everybody wants to live here". I'd say the only other cities I could ever live in are (in this order) San Francisco, Boston, Seattle, Chicago, Minneapolis, Boston, LA, Miami (solely for the eye candy).
And many more people think the exact same as me. |
