Landlords to the rest of the country: Bargain hunters need not apply. There always was and there always will be hordes of folks from the rest of the nation thronging here to take up the slack. It defies the law of supply and demand.
Do you wish you had bought a cheap condo in Detroit several years ago? Do you think the NYC spending habits will decrease with the falling income? Or just keep spending while digging a deeper hole?
Current price $1,350,000....
http://www.blocksy.com/nyc/sale/148469-1-central-park-west-0
Look at the other prices for similar sized “homes”