In all due respect, I hope you don't think I would read something of such length.
Let me say that there can always be a bubble in any market, anytime. But there isn't a market bubble (outside L.A. and San Fran ) in the U.S. today. Does that mean that something might happen to bring RE prices down dramatically. Of course not. If LA or San Fran or NYC were dramatical damaged by terrorism...an entirely new element would have been introduced and prices would not only fall but property might be unsalable.
But as markets stand now...that isn't the case.
Actually, had 9/11 never occurred and if Islam didn't exist in this world, the stock market and the real estate market...indeed the entire non-muslim world would be looking to the rosiness that our world promises. Without Islam the DJI would be reaching for 20,000.
Actually, I think the whole issue comes down to this war between Islam and the west. But I imagine you would rather not hear about that. DS
Studio apartments in NYC are selling for a million dollars in some buildings, so you can add NYC to your list.
But people get to believe what they want. I've come to believe there are serious problems in the real estate market that do not bode well for the economy. I don't relish the thought, because I have a pretty good idea of what it means if the worst case scenario comes to pass.
Also, please don't make assumptions about what I think about 9/11 and Islam etc. I am a guy who cleared debris off his front steps on 9/11 and was at the site on 9/12. My experience with 9/11 is up close and very personal.