Infoshare, in Economics 101 they teach that when Supply=Demand you have a fair market price. Well in NYC, especially Manhattan, we don't practice market economics. In turn we get, really high priced and really low priced rents, and fewer and fewer in between. This has nothing to do with the fact that your folks lost their lottery ticket to a more savvy landlord who took the same risk your folks took.
Originally Posted by infoshare