*"And so New Yorkers with garden-variety affluence—the kind of buyers who requir...

"And so New Yorkers with garden-variety affluence—the kind of buyers who require mortgages—are facing disheartening price wars..."

"Competition will continue to drive the wealthy—foreign and domestic—to Brooklyn and middle-class buyers to despair."

Add to that the fact that a young middle-class lads and gals start out having already an high debt from the acquired education...