Friday: Even More Reasons To Hate the Hamptons, To Love Harlem, To Fear the Market

Fri, 15 Sep 2006 08:30:06 -0400

Whites in Sagaponack

Today's Most Gloriously Sensational Lead Sentence About the US Real Estate Market: "By any measure, things are getting tougher for American homeowners." (Seriously, the Wall Street Journal doesn't kid around when it comes to measuring toughness.) But GlobeSt.com clocks in at a very close second: "The buzz about a possible 2007 economic downturn is growing." (WSJ)

MetLife can get away with crushing Stuy Town, but the monolith will really get into trouble if they move 1,700 executives into 42nd's old Verizon Building . Why? Because only five years ago NYC gave MetLife $26.4 million to move those execs to Long Island City. (New York Times)

It's been 11 grueling days since the Times' article about Harlem's hotness, and nearly a month since a Post cover-story on the same topic. So it's time for The Sun to weigh in: "Harlem has finally been recognized as being in Manhattan... Harlem has arrived." (The Sun)

What kind of sentiments are shared by the vacationers at the post-mortem Hamptons ? "Sometimes, perhaps, when you get down to it, those June and July pals are just not our kind, dear." Or: "Having a common experience was great but [you] didn't necessarily like the people you were having it with." Or: "[Class] distinctions might be more of an issue if they got together during the fall and winter." (New York Times)

- Max Abelson

Observer » Friday: Even More Reasons To Hate the Hamptons, To Love Harlem, To Fear the Market

Friday: Even More Reasons To Hate the Hamptons, To Love Harlem, To Fear the Market