Friday, April 18, 2008

Average Manhattan Home $1.6 Million

Housing slump my a$$. The average Manhattan home now sells for $1.6 million. The city average is $853,000.

What does this tell us? It tells us that the wealthy remain unscathed by the national economic turmoil, and the rest of us are left with even less affordable housing than before. And the before wasn't so great to begin with...

Thank god for Brooklyn.

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