As i mentioned in a previous blog, some people dont know what they're talking about when it comes to real estate. i came across an article in the NYtimes about houseing market in NY
The article states that since the new year began, a burst of activity has broken out in Manhattan and several Brooklyn neighborhoods, Buyers are looking for co-ops, condominiums and town houses which send prices higher despite sluggish sales in many other cities.
"Preliminary indications from real estate firms showed that this increased activity, with open houses jammed and bidding wars taking place, has occurred in all price ranges - from tiny studios in the East Village to red-brick mansions on the Upper East Side - in counterpoint to the heavily weighted record sales of luxury properties that led the market in the late summer and fall".....so when your family members or friends start lecturing you about the housing market in NY just let them know the facts
heres the link to the article. enjoy. http://www.nytimes.com/2007/02/19/nyregion/19market.html?ex=1329541200&en=4e5058c3f809de9b&ei=5088&partner=rssnyt&emc=rss