Publication:  TheStreet.com

Summary:  Wei Min’s article on why it’s time to take advantage of the property downturn and shop Manhattan property .

Excerpt:

Manhattan residential real estate has performed better than the broader U.S. real estate market and comparable major cities such as San Francisco and Los Angeles.

For potential buyers, now is the time to shop.  We are in an uncertain period where the Dow is at 10,000 without justifying fundamentals.  Unemployment is at 10%, the dollar is weak and inflation is coming.  Relative to the stock market and comparable major cities, Manhattan has performed well.  I’ll explain why, and I’ll tell you why it will continue to do so for the next decade.