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

Posted By Jonathan Miller On May 29, 2013 @ 10:19 am In Amenities, Adjustments & Value Logic,Blogging Off The Matrix,Curbed: 3 Cents Worth,Manhattan | Comments Disabled

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]


Article printed from Miller Samuel Real Estate Appraisers & Consultants: http://www.millersamuel.com

URL to article: http://www.millersamuel.com/three-cents-worth-ny-232-the-manhattan-grm-is-too-damn-high/

URLs in this post:

[1] Curbed NY: http://ny.curbed.com/

[2] capital of the world: http://www.nyc.gov/html/lmec/html/about/nycapital.shtml

[3] this week’s 3CW column: http://ny.curbed.com/archives/2013/05/28/three_cents_worth_the_manhattan_grm_is_too_damn_high.php#reader_comments

[4] Image: http://www.millersamuel.com/files/2013/05/3cw5-28-13.jpg

[5] Curbed NY: http://ny.curbed.com/tags/three-cents-worth

[6] Curbed DC: http://dc.curbed.com/tags/three-cents-worth

[7] Curbed Miami: http://miami.curbed.com/tags/three-cents-worth

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