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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (370)8/28/2001 12:45:41 PM
From: marginmikeRespond to of 306849
 
rents are already down substatially. My 3 bedroom Apt in Manhatten rented for 7000 a month 2-3 months ago. I rent it for 5K. The decline in rents relieves the pressure to force people to buy in manhatten. 2 bedrooms can now be rented for 2500-3500 a month which was tough not to many months ago. This is the first crack in NYC RE armour IMHO



To: SouthFloridaGuy who wrote (370)8/28/2001 12:48:21 PM
From: vampireRead Replies (2) | Respond to of 306849
 
I dunno - I have a few friends in RE..and they say market is strong as ever

certainly came as i surprise to me - hoping for a downturn last next year as that's when i may buy a condo or coop in city


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