Manhattan real estate seems to be on the verge of a bottom, if not already there.  Sure, you can point to economic data, jobs reports, the S&P rally, inflation expectations, and disappearing landlord concessions.  These are all valid supporting points.  The real giveaway is the return of gratuitous broker gatherings, signaling a return of another gilded age.  Today we received an invitation to New York City’s first annual “Broker Poker Tourney!”

For an event with only 48 players, I’m surprised we made it to the guest list!  Either they’ve heard a thing or two about the founders of RentHop, or we have done very will in our undercover infiltration of the apartment rental market.

This entry was posted on Monday, April 5th, 2010 at 12:56 pm and is filed under Market Trends, Undercover Broker. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.