Wednesday, April 2, 2008

Fortunately, the UK economy is “sustainable”

Manhattan Condo Sales Decline Most in 18 Years

"Manhattan apartment sales plunged the most in 18 years in the first quarter as buyers faced the prospect of a US recession and job cuts at Wall Street securities firms".

Posted by alan @ 10:45 PM (394 views)
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3 thoughts on “Fortunately, the UK economy is “sustainable”

  • planning4acrash says:

    Yay!! I fancy a pad in New York. Sale for cash? Tho I’d better have Euro’s to buy it.

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  • I wouldn’t fancy a pad in New York. In the 1980s, after the last recession, New York City was a very different place to now. Crime was endemic: ragged squeegee-men would attack cars in broad daylight and demand money from terrified drivers, while the subway was a strict no-go area. It wasn’t just zero-tolerance policing that cleaned up New York, it was a booming economy, jobs, and the hope of a brighter future. When the recession really hits, all those supports will go. That swanky pad on the Upper West Side is a lot less swanky if there’s a homeless man sleeping in your doorway and an armed mugger waiting round the corner.

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  • planning4acrash says:

    And I’m better of in East London?! :p

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