New York’s Wealthiest Cut Losses as Manhattan Real Estate Falters

Re:New York’s Wealthiest Cut Losses as Manhattan Real Estate... by rsync on Thursday November 29, 2018 @03:37PM (#18563751)

"As far as I can remember -- my entire adult life ..."

...

"I don't know what the reason is, but I would love to read a truly satisfactory explanation for this."

Well, it did just happen ... bay area housing, for instance, plummeted from 2007 to 2011. This was neither a slight blip or a "slowdown":

Note that mid-range homes dropped, in their index, from "220" to "125" (give or take).

How long have you been an adult ?

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Re:New York’s Wealthiest Cut Losses as Manhattan Real Estate... by projectramo on Thursday November 29, 2018 @03:40PM (#18563782)

Before 2007 for sure, but I didn't realize there was this sustained drop after 2007. I thought it was a temporary bounce.

Thanks for showing some data!

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