IMF-There is Risk if Global Depression

the reality appears that keeping your eye on the macro picture, although interesting, has little value on evaluating re or predicting price futures. This is with respect to Manhattan residential re. The recent past would indicate that Manhattan is more resiliant in resisting macro indicators of doom and gloom.

if there is a global depression, Manhattan will be hit as well.

FG-- not sure I'd agree with the Resiliency on Manhattan RE... It continue to get beaten down

ha!--hearing impaired!

broker joke: "second floor apartments often trade at a premium, as orthodox jews prefer to only climb one floor of stairs on shabbat"