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01/30/2006: "Manhattan: ""cooling" or "melting down?" Will there be a "pause?" A "soft landing?" A "slow leak?"""

What's the story with Manhattan Real Estate? Well does this New York Times article clip foresshadow anything in particular?

HOW best to describe the condition of the New York City real estate market? Is it "cooling" or "melting down?" Will there be a "pause?" A "soft landing?" A "slow leak?" Are you a "bubble" believer or of the "frothy" faith?

[a great book to read here is The Sky's the Limit : Passion and Property in Manhattan by Steven Gaines -- Dunkelman says of it "the real heart and sole of this book is a history of some of the most famous streets and buildings in New York- and its a much better story than those of the brokers."]