NYC Unemployment Passes 10%

Categories: Announcements

http://cityroom.blogs.nytimes.com/2009/09/17/city-unemployment-rate-exceeds-10/

I predict this news will be the catalyst that breaks our local real estate market.

Unfortunately, local real estate prices are about to plummet.

There’s nothing but fluff holding them up right now. Wall Street jobs disappear, but lousy brownstones still worth millions?

Yeah, right. . . maybe there’s gold in them old bricks. . .

By IronBalls | 09/18/2009 12:19 AM