Pricing will end up higher relative to income

Yes, when our gov't commits over $8 TRILLION dollars to bailout the reckless financial industry, RE prices in the NYC area will hold their value in the short-term.

I love it how people pat themselves on the back for being such "savvy" RE investors/capitalists while ignoring how it has been US taxpayer $$$ that has really kept NYC RE alive and well - for now.

Link?

http://www.nytimes.com/2011/11/09/your-money/first-time-homeownership-is-still-beyond-reach.html?scp=3&sq=Case%20Shiller%20&st=cse

---Hot property,
Yes, because income are going down faster the the Real Estate.

"From what I%u2019ve been told from TV, you are supposed to get a house,%u201D said Mr. Kinney, 27"

She's 27 and she still talks/thinks like that?

What an entitled idiot.

When her doctor says she's unable to have her 2.5 kids with the coveted white picket fence, will she paraphrase House from TV and school him?

---Hol4

It is a NY Times article.

http://www.youtube.com/watch?v=wrPGoPFRUdc

ha nice iceberg, or better yet..

when occupy wall street supports capitalism by trying to express how much they don't support it?? el oh el

http://news.yahoo.com/occupy-protests-inspires-t-shirts-trademark-bids-150141311.html

C-burg,
So on the money. If I had paid for his education, I'd march his ass right into the burser's office of that school and DEMAND my money back.
"I gave you this kid and X Amount of dollars and this is the product of our joint endeavor?

Right, your point being that the US college population has expanded way beyond what it should be. We don't need so many people to have this wasteful "education".
Personally, I say we should be shutting colleges where the diplomas aren't written in Latin, but I'm happy to hear other ideas like shutting schools open for less than 100 years or so.

Blame it on easy $$--- an education bubble

yes, memito!!! The US taxpayer HAS propped up NYC real estate. Thank you for saying it!!!