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This past weekend, NYTimes had an article talking about how bad things could get in the this Economy (“Uncomfortable answers to questions on the economy”). This quote caught my eye:

“From 1985 to 2002, the average American home sold for about 14 times the annual rent for a similar home, according to Moody’s Economy.com. By early 2006, home prices ballooned to 25 times rental prices. Since then, the ratio has dipped back to about 20 — still far above the historical norm.”

New York obviously is quite different from the rest of the country. Where do you think this ratio has been for Brooklyn?