If we are now facing 1996 prices for the S&P 500 (making this prediction oddly prescient), why is anyone surprised by talk of NY real estate dipping to – horrors – 2002 prices? With just under 50 units, the building is currently priced around $1,000 per square foot. Minimum bids will probably be set at [...]
Archive for February 28th, 2009
Still Disconnected
Posted in Housing Crisis, Housing Policy, Meltdown on February 28, 2009 | 2 Comments »
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