Westchester (NOT Manhattan ) is SPECIAL: Rents Never Go Down

I disagree somewhat. I think some of this trend in westchester has to do with the very high-end apartment buildings coming online in white plains. These have much higher rents which can shift the average rental price upwards. It's similar to the smoke and mirrors manhattan brokers tried to claim when a few $30 million dollar places sold late last year thereby driving up the average sale price in manahattan.

EXACTLY, its just like harlem. Harlem, per citi habitats, its the ONE neighborhood where average rents went UP in all catagories of apartments year over year in May. Literally, the ONLY one. Does anyone believe that? No. Having just looked I knwo for certian its not true. But so many hundreds of condos for rent by owner and sponser plus new rental only buildings, all luxury high-rise have opened up recently that it has skewed the data for May.

....So in EXISTING buildings built before 2008, rents are way down in Harlem. But new inventory is way nicer on average.

http://www.nytimes.com/2000/12/10/realestate/commercial-property-westchester-taking-stock-of-a-mammoth-entertainment-center.html?pagewanted=all

Wait, hold on, Alpine tells us for a year that Manhattan is different from everywhere else, now suddenly things from WESTCHESTER are "spreading to Manhattan".

Oh man, this guy is an idiot.