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[Three Cents Worth #132] Manhattan for the Converted Carpenter

It’s time to share my Three Cents Worth on Curbed [1], at the intersection of neighborhood and real estate.

Three Cents Worth: Manhattan for the Converted Carpenter [2]

It’s long overdue: This week I decided to look at Manhattan through the eyes of European buyers (i.e., Irish carpenters) who were buying property in droves a few years ago. Interestingly, the point where the Euro jumped was right about the time that mortgage underwriting standards evaporated (not suggesting foreign buyers were getting mortgages, just interesting timing). After completing this chart, I should have excluded co-ops, but I think the point has been made. It hits the nail on the head so to speak (sorry!)…

[2]
[Click to expand and read full post on Curbed]

Check out previous Three Cents Worth posts. [3]