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[Three Cents Worth NY #232] The Manhattan GRM Is Too Damn High

It’s time to share my Three Cents Worth (3CW) on Curbed NY [1], at the intersection of neighborhood and real estate in the capital of the world [2]…and I’m here to take measurements.

Check out this week’s 3CW column [3] on @CurbedNY:

Not a very original title, but after realizing the long weekend was unfairly ending after only three days, I took a look at the relationship between sales prices and rental prices through the “gross rent multiplier” aka GRM. I presented the relationship between median sales price and annualized median rental price since 1991 as a ratio…

[4] [click to expand chart]

 


Today’s Post: Three Cents Worth: The Manhattan GRM Is Too Damn High [Curbed [3]]
Three Cents Worth Archive Curbed NY [5]
Three Cents Worth Archive Curbed DC [6]
Three Cents Worth Archive Curbed Miami [7]