Saturday, January 23, 2010

Price rent ratio November 2009 - from Calculated Risk Blog

Price rent ratio through Nov 2009 as posted on Calculated Risk.  Shows the ratio close to 1.0, which was the 2000 base year index.  It does say prices expected to drop.   Importantly, note that the ratio has decreased substantially from the peak in 2006.

In Manhattan, New York, price is about 16 to 19X annual rent.

1 comment:

oyster lew said...

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