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Not going to happen. You think NYC is overpriced? Look at Philadelphia. Or Boston. Until those prices come down NYC will continue to maintain.
by notyourday 8y ago
Not going to happen. You think NYC is overpriced? Look at Philadelphia. Or Boston. Until those prices come down NYC will continue to maintain.
- sriram_sun 8y agoAbsolutely right. When less desirable suburbs crash 40-50%, NYC might go down 10-15%. During the worst of the financial crisis, in the west coast, places like Concord lost a lot more value than Cupertino or Palo Alto. Also, in NYC, I suspect the 2nd and 3rd home buyers won't miss their money too much. If you purchased it hoping to rent it out and live on that income, that is a different story however.