NYT: In an Earlier Time of Boom and Bust, Rentals Also Gained Favor
THE APPRAISAL In an Earlier Time of Boom and Bust, Rentals Also Gained Favor By DIANE CARDWELL Published: October 17, 2011 During the boom years in Manhattan real estate, credit was easy, speculators developed building after building to meet rising demand for apartments, and values kept climbing, fed by a flurry of resales. But then Wall Street plummeted and the housing market followed suit, as values deflated and apartment sales came to a standstill.