Waiting on the Sidelines

This post is from Curbed.com. It is a summary from a reader to the site why they are not buying in Manhattan yet. As I have said before, I believe NYC and Jersey Shore prices are probably closely correlated. A drop in NYC apartment prices should help bring down Shore prices over the long term.


Snip...

"In the meanwhile I am renting while generally keeping apprised of the market and saving money. As you know, there are many in the real estate industry making the claim that the so-called bubble will never burst. Although I personally believe this is wishful thinking, it�s worth noting that no one (as far as I can tell) is making the claim that NYC real estate will continue to outperform alternative forms of investment (e.g., stock market etc.). This is really the only metric that counts when it comes to the buy now or buy later argument."

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