NYC-area home prices hit 9-year lows

Those are houses in places like Staten Island. Manhattan co-ops and condos haven't come down in price.

What is the NYC-"Area"? What area? There is something other than Manhattan we chat about/care about on this site? Yeah, we occasionally get bored and revive some old thread about whether to praise or bash LIC, and once in a blue moon someone include a polite nod to certain Brooklyn neighborhoods, but I think the OP here is the first time "Staten Island" has ever appeared in a thread on the talk forum. Let's be serious. Manhattan rocks, it has for the better part of two centuries, and as much as Stevejhx may think Charlotte is the new hot thing to replace us (it was Charlotte, wasn't it that would replace NYC as a financial capital by 2010, Steve? It doesn't matter. Never mind.), NY--as in MANHATTAN--is, was, and will remain the best city in the world. The place people dream of living. The place where the siren pitch of life screams 24 hours a day all year long. The city more people talk about than any other. The city more people visit than any other (alright--third most visited behind London and Paris, but still). It is literally and figuratively "THE CITY." Years of lame "sky is falling" threads on here haven't and don't change a thing. Noise. We're all here 'cause we love it. Ain't no one forced to live here. God knows it is easier most other places. But it isn't as good. And that's the truth.

Yea SWE is all over the five boroughs. Have to agree with Bob. Manhattan is best of breed.

I was wrong: OP didn't mention S.I. Bob did. Mea culpa.

Statistics don't hurt anyone, unless you are part of the sample..... But sometimes statistics don't heed borough boundries It's a damn shame too.... Cause then I'd be able to say racism only happens in the south. Genocides only happened bf 1970.

Then pls explain to me smart manhattanites, what was the $100k studio to $1mm studio in ten yrs? Is that like 'don't be a racist, but I can hate a Muslim?' syndrome. My #1 rule in life. Don't be a hypocrite.

why is your dog hurting your 4yo? is the dog a muslim terrorist?

Anyone who hasn't been to Coney Island shouldn't pretend they talk about New York City real estate in the entirety, right? If you are Manhattan only, so be it. But the rest of New York is a big town and quite likely out of the narrow Manhattan tourist view of the universe.

Honestly, do not get me started on the muslim terrorists. Did you read about the beauty queen who was stoned to death. Because she was pretty. Why want 72 virgins if you don't want a little showing off?

".), NY--as in MANHATTAN--is, was, and will remain the best city in the world. The place people dream of living. The place where the siren pitch of life screams 24 hours a day all year long. The city more people talk about than any other. The city more people visit than any other (alright--third most visited behind London and Paris, but still). It is literally and figuratively "THE CITY." "

" We're all here 'cause we love it."

kyle, i'm sorry, but that first bit does not describe a love of new york. it describes an infatuation with an idea of new york. that's not the same thing. new york is loud and dirty, filled with immigrants and poor people. new york is not nice and it's certainly not beautiful or fabulous, it's a filthy, stupid place where bad things happen much more often than they ough to. the new york most people claim to love is the new york of movies and television. it isn't real.

Most of here in New York who are not newcomers realize that we have to work for the quality of life that we enjoy. And it does not come easy. The reason to love New York is that there is something to fight for and there is something to be gained from the fight. It is an ongoing battle fought only by those who realize the potential and realize that hard work gets you ahead. If you can make it here you can make it anywhere. But it isn't easy and never has been and likely never will be to make it here.

And if you don't fight, you will find yourself further behind than anywhere else.

Ah, so we can only love NYC if we love all its squalid corners and hang out there? C'mon.

" If you can make it here you can make it anywhere."

it's a song, people! in reality, no one likes new yorkers and if you can make it here, chances are you are too hard, conniving and uncivilized to make it anywhere else! why do there have to be reasons?

"Ah, so we can only love NYC if we love all its squalid corners and hang out there?"

you don't have to hang out there, but the inhabitants of those "squalid corners" are your neighbors and fellow new yorkers, and you chose to live in THEIR city. because it is THEIR city. they significantly outnumber you, and their "diversity" is the reason you like new york in the first place. right?

It's a song, well that is true, but it is true too. People don't like NYers but they don't understand NYers. If you ask a NYer for directions, you can get an answer. As long as you ask quickly and to the point. Don't ask a NYer if you can ask them a question, because you just did. Just ask, which way to the subway, and you'll get a quick and correct answer without baggage.

Did the 9 year low include W'Burg?

Only a 24% decrease leaving NYC at 2002 prices, this does not sound correct.

NYC coops fell about 20 to 25% in the last few years......we are at 2004/2005 pricing...so manhattan did fall as well.

Prices don't seem all that low to me.

It's because the bad economy has hurt the middle class and not the wealthy. The wealthy live in Manhattan and the middle class live in Las Vegas.

New York "area" prices are at nine-year lows. Yes. But Manhattan prices are only back to 2008 levels.

> Yea SWE is all over the five boroughs. Have to agree with Bob. Manhattan is best of breed.

Yes, so best... Manhattan Median is down 23.7%... that is, uh, the same 24%.

Clearly Manhattan is different. ;-)

RS has turned into quite a shill, hasn't he?

After the attacks of 9-11, R.E. skyrocketed 86% in 2002? I do believe there has been a 24% decrease in prices from the peak in 20006; but, however, don't buy were in 2002 prices. Please post stats from 2002 prices? If were in 2002 prices in 2011, 1990s prices are making a comeback as this economy still depressed.

Lucille, you are very confusing. NYCis a place full of bad and miserable people? Then why do we have life expectancy 1.5 years longer than the nation as a whole? Why are we less depressed? Why are we slimmer? Why, come to think of it, do we have such expensive real estate that so many people covet? It's not just manhattan, despite Kyle's snobbish and provincial posts. New York City is a very special and wonderful place to live.

Now, that does not, Kyle's posts to the contrary, mean that real estate prices in the city or in Manhattan are immune to price corrections--witness the 1970s, 1989' 2009, etc. etc. But is NYC a great city? How can we even be debating the answer to that question.

lucille lives in jersey.

happyrenter, i appologize for confusing you again, i often forget this is an open forum where all are welcome.

not only does lucille come from jersey, but lucille is a known liar.

"lucille lives in jersey."

no i don't. i live in NEW jersey. the transatlantic commute rules out jersey for most, i would think

she is???

way, way too close to the troll.

as noted many times before, you gotta work harder to pretend.

try again

just to clarify, happyrenter. if you have to make up a fake cheesy cliche new york to remind yourself that you "love" it.....

troll.

oh you're still with that. sometimes i get a little nervous and take you seriously, what if he actually knows who i am? can he out me? can he embarass me? of course that's pure sillyness. why in the world would anyone take you seriously?

but of course you're the one in question.

what question?

your identity.

heterosexual

hfscomm1.

do you have allergies or something?

just to lying assholes.

fair enough

NYCis a place full of bad and miserable people?
... yes

Then why do we have life expectancy 1.5 years longer than the nation as a whole?
... life only feels longer because there's nothing to do here

Why are we less depressed?
... we're more depressed, but live on higher floors, so it seems like we're elevated

Why are we slimmer?
... because we're less jolly

alanhart,

Your satire is overwhelming!

"Why are we less depressed? "

Do NYC residents suffer from depression less frequently, statistically, than other places? That's interesting to me. Can you post something to support this? Completely anecdotally, I would have guessed the opposite. Practically every woman I know over the age of 30 is on anti-depressants. (You can tell because it takes them forever ...).

"...takes them forever..."

Maybe NYC women just give up later before resorting to faking it.

Dwayne_Pipe,

NYC is not the happiest and unhappiest city, and there was a report released last year on happiest cities in America.

"Practically every woman I know over the age of 30 is on anti-depressants."

Where do you find these women's? Are you being satirical?

Dwayne,

It's very, very hard to get a direct accurate measure of depression since reporting varies across stares. The best way to get at it is to extrapolate from suicide rates. New York State has the lowest suicide rate of any state--approximately 6 per 100,000, compared with a national average of over 11 per 100,000. New York City itself has a suicide rate of approximately 4.5 per 100,000, which is also the lowest of the ten largest American cities.

DP, it could be an issue with selection bias: it might take a particular type of woman to hang with you.

happyrenter
about 3 hours ago
ignore this person
report abuse Dwayne,

It's very, very hard to get a direct accurate measure of depression since reporting varies across stares. The best way to get at it is to extrapolate from suicide rates. New York State has the lowest suicide rate of any state--approximately 6 per 100,000, compared with a national average of over 11 per 100,000. New York City itself has a suicide rate of approximately 4.5 per 100,000, which is also the lowest of the ten largest American cities.

as i recall from my slivers of sober clarity in sociology class, suicide rates in a society are closely correlated to religion and social class. if you look at new york population as a whole and not just the loudest and most ardently advertised fancy shmancy degenerate contingent to which most of us on this board belong, new york is a city of poor-ish, immigrant-ish people who (1) were likely raised in an environment where faith was a major influence and though far from pious, still have that frame of reference (ie homophobia in the black and latino community); (2) have serious sh*t to deal with in their life so when they're down they treat the down, when they're angry they treat the angry and get back to work. if you actually knew any of the incredible special new yorkers you love to have as neighbors, or even if you knew any lower middle class - poor people in general, you would probably have picked on their significantly lower tolerance threshold for navel-gazing. seriously happyrenter, you're such a caricature. which is why unless someone here has seen you in the flesh i still say you're not a real person.

note to columbiacounty, our day started at 7, as it does everyday, we've already been to the dog park and the playground and now we're having a snack and some of us look like we're settling in for a nap. later we'll go to the pool for the rest of the day. if you'd like i can tell you more about our day later. sancti.

Nycers are too busy to commit suicide.

swe is in denial, hard for him to accept that the market firmed and in many cases, improved. I can't wait for the report that says Manhattan medians are up! What will swe say about medians then?

poor swe, he does not know that the Case Shiller does NOT cover Manhattan. Yeah, prices are down in Pike County, PA, so prices must be down by the same amount in Manhattan, right?

Wow I just scrolled past all that weird stuff. Back to the original thread -- I would have thought "single family homes" would include coops and condos. No?

Isn't a co-op a single family home? The thing that's being excluded is houses that are divided into multi-family houses.

If this is not the case, then this is really a meaningless statistic, because there are hardly ANY buildings in the city that constitute a single-family dwelling.

Why would anyone bother to collect such a stat? It just stands to reason that co-ops and condos would be included.

No?

"poor swe, he does not know that the Case Shiller does NOT cover Manhattan. Yeah, prices are down in Pike County, PA, so prices must be down by the same amount in Manhattan, right?"

Alpo, genius, get better with the reading comp. Manhattan was covered separately... and medians happen to be down 24% in Manhattan. Both numbers are given here.

Please read more carefully.

"swe is in denial, hard for him to accept that the market firmed and in many cases, improved. I can't wait for the report that says Manhattan medians are up! What will swe say about medians then?"

Let me see, what I've said matches the numbers while you are screaming against them... and *I'm* in denial.

How ironic...

Juice, you still never admitted you were wrong about the fall in the first place - "not gonna happen!" - how did you skip to it is going to recover already.

Don't you need to admit the first part first?