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new york city

New York Real Estate

New York Rental Rates Fall! When Was The Last Time You Saw That Headline?

by Charles Feldman | February 4, 2008

It was bound to happen sooner or later.
The real estate bust of 2008 is finally having an impact on one of the last hold outs, New York City.
Manhattan, in particular, seemed all but immune to the current subprime mortgage mess mostly because foreign buyers were able to take advantage of the declining value of [...]

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New York Real Estate

Fortress Manhattan: No Real Estate “Crisis” There

by Charles Feldman | October 16, 2007

There is a land where the normal physics of real estate does not hold sway; a place so special, those who reside there are seemingly inoculated from the everyday concerns of mere mortals.
The housing bubble may burst; the credit may crunch; the mortgage industry may go so far south that Bolivia would be akin to [...]

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