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Hey SteveF almost double the inventory in 1 year....

Started by totally
about 17 years ago
Posts: 40
Member since: Nov 2008
Discussion about
http://www.urbandigs.com/2009/03/manhattan_inventory_trends_nov.html You poor little, bitter owning calf ..... oh you poor thing ..... i'm so sorry ....
Response by happyrenter
about 17 years ago
Posts: 2790
Member since: Oct 2008

wait, you think that a doubling of inventory is a bad sign for the new york city market? you must be crazy. this shows how STRONG the market is.

take the long view. if you go back to 1970, the average inventory has been 7000 units. so, sometimes it goes up, sometimes it goes down, but in the end the bumps get smoothed out. like, between 1989 and 1999 apartment prices did not increase at all--that was an irrelevant bump!

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