http://www.city-journal.org/2012/eon0214ng.html

It does not seem like rents are going up after all. More Broker hype

The manhattan re bubble that wasn't. Who's looking at re for investments?

Daddy look at my game I programmed. It's got like birds I slingshot and it kills these pigs...... Stfu Johnny, I'm busy running cap rates in manhattan. There's gotta be an investment in here somewhere!!!

anectodatlly i can tell you about my day last friday. six two bedroom apartments in the village under 5k. nice couple relocating here from washington dc, with a march 1st move in date. no experience with ny real estate whatsoever. after the six viewings we had a cocktail and discussed our search. they weren't quite ready to offer on anything. we went to a few open houses over the weekend. i checked up on the listings we had seen friday and five of them had received applications. that isn't indicitave of a slow rental market.

they're coming back in tomorrow with more time pressure. they have had to increase there budget due to their reticence first time around. and i can bet that they're going to have to rent something that isn't as nice as what i showed them last week because the good units have been rented.