Worst Yet To Come For Manhattan Real Estate

Economics Professor, Nouriel Roubini, of New York University who correctly predicted the financial crisis says that the residential real estate market in Manhattan will fall another 20-25%. This sentiment is shared by other top economists, strategist and analysts at the Reuters Investment Outlook Summit. Read the rest of this story here.

The prices would need to fall another 70% for me to look there again. All this and there’s still condos being built all over NYC. Who knows.