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"While sales have picked up a bit in some suffering housing markets in the West, creating a glimmer of hope that home prices nationwide may be approaching a bottom, the Manhattan real estate market has just begun a steep slide. It parallels the decline in New York’s financial services industry, and housing analysts say it may continue long after other markets heal."
I guess I've always thought of them as condos (if you own one unit) or apartments (if you own the whole building and rent them out). But I had never heard to term condo until a few years ago, so I'm very likely misunderstanding (I'm from Oz, we have "flats").
There are any number of brownstones that are single family residences. And they're scattered all over Manhattan - many, many on the Upper East and West sides.
Manhatten, in a slump? Cant be.. I dont believe it...No way...everyone in the city makes lots of money..As long as the banks make money, stock market goes up, and everyone is happy. Dont pay no attention to this. Wells Fargo just reported huge profit. Recession is over..Who cares about unemployment. Banks are oK, usa is ok too.
After all, it's not like people need jobs to pay mortgages, save up for a down payment, or get loans.
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