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To: MythMan who wrote (190686)	9/5/2002 11:55:09 AM
From: marginmike	Respond to of 436258

you wont see them, PR machine in Ny in full tilt just like it was on naz. The fact is rents are down 20-30%, inventories are up.

To: MythMan who wrote (190686)	9/5/2002 1:39:42 PM
From: stan_hughes	Respond to of 436258

Hey Myth - A bit of FWIW from Crain's New York Business, August 12, 2002 (an abbreviated bit of cut & paste was all I could recover, I'm afraid, and the link has expired. Maybe you or mike have better connections to Crains for the original article than I do) - Buyers balk as supply of homes rises By Tom Fredrickson A growing number of apartments in Manhattan, and homes elsewhere in the city, are going unsold as jittery owners try to cash out, but would-be BUYERS stay on the sidelines. For five years, the stream of heady price gains had been broken only once, by a brief drop after Sept. 11. "A year ago, everything was selling at record prices," says Tristan Harper, a broker and vice president at Insignia Douglas Elliman. "It was a completely different atmosphere in the city and the economy. It seems as though the bursting bubble is taking its toll." "There's no slowdown in $800,000 apartments in Manhattan, however," says Mr. Harper, an Insignia broker. "Those guys are getting married, having babies, and they want to benefit from low interest rates."