Gold Value of Apartments Sinks
The average value of a Manhattan apartment over the past six years has plunged nearly 39%, to 1,727 ounces of gold, even as the average dollar price of an apartment in Manhattan over the same six-year period has nearly doubled to $1.4 million, according to figures in several real estate reports published today for the fourth quarter of 2007. (Graph Showing Manhattan Real Estate Prices in Dollars and Gold).
