Needless to say, the whole thing is a big shit show, but there was some good news buried in the stats:
1) The Bronx was the least bad of all the boroughs in terms of overall price decrease for all residential dwellings (condos, co-ops, and 1-3 family houses). Our beloved borough saw only a 9% decrease, while Manhattan saw a 22% decrease.
2) Apartment prices actually increased by 12% in the Bronx, which was the only borough to see increases.
Any theories out there to explain this? Less of an unrealistic mark up here? First time home buyers still priced out of inflated Brooklyn and Manhattan? The smaller they are the softer they fall?
But besides that, Mrs. Lincoln, how was the play?