If Manhatan economy drives real estate..

Selection bias = The unemployed are more likely to leave NYC.

Buy now or be priced out forever!

catchy..

Manhattan economy and available cheap easy money from sleepy unparticular lenders

I have heard that people are leaving the city. It's just anecdotal -- I've heard people say they've noticed people moving out of their building or off of their block.

It must be very hard to stay in New York if you were laid off in say, the publishing industry, or insurance, which is not adding any new jobs.

A friend from Fla is trying to plan a vacation in NYC, but started looking at other cities after finding the hotels to be so much more expensive here. I thought it might have been that she was looking to travel during fashion week, but then she wrote

"...there must be something going on every weekend or NYC is just pricing itself way higher than any other major city in the US."

which had me scratching my head until I read this article.