Brooklyn Versus Manhattan: The $1M Chasm
The Real Estate compares and contrasts based on the second quarter Miller Samuel market reports. Eh, what’s $1,081,288? Brooklyn vs. Manhattan: A Handy Price Guide [TRE]
The Real Estate compares and contrasts based on the second quarter Miller Samuel market reports. Eh, what’s $1,081,288?
Brooklyn vs. Manhattan: A Handy Price Guide [TRE]
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Reality a la 3:33…
“If Fannie or Freddie failed, it would be far worse than the fall of [investment bank] Bear Stearns,” says Sean Egan, head of credit ratings firm Egan Jones. “It could throw the economy into depression or something close to it.”
“The Federal Reserve and the Treasury have taken great pains to point out that the government is not obligated to bail out either Fannie or Freddie if they face insolvency.”
As NYC home prices fall like autumn, The What’s credibility rises like a phoenix.
6:37 is correct…I did a lot of looking in UWS Harlem as I was comparing housing stock & prices in Brooklyn. Hell’s Kitchen is a great central location but there’s no interesting architecture which is what I was looking for.
The cheapest in Harlem was a “shell” for $1MM
Uh…comparing BH to Harlem, you’ll probably find prices are pretty close! Depends on where you’re looking in Harleem.
If it compares all areas of Brooklyn with all of Manhattan it should be a useful comparison, with better and worse areas in each. You could easily reverse it and say if they are comparing something in prime BH with something in Harlem that makes no sense either.
Exactly 4:09. They should do this comparison with the five most desirable neighborhoods too.
worthless comparison. Brooklyn has so many different neighbirhoods and types of housing this tells you nothing. Are they comparing a house in East NY to Soho.
Nothing in the stats says apartments are comparable.
Does not indicate size, # of bathrooms, baths, condition, age, financial stabilty, month maint or condo tax, etc, etc, etc.
Deal with reality or reality will deal with you:
http://money.cnn.com/2008/07/09/news/companies/benner_fanniefreddie.fortune/index.htm?postversion=2008070914