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.
Okey dokey...I spent my early career on Wall St. and have a little idea of Manhattan RE and that of the tri-state area. RE is supported by the incomes produced in the local area. I have owned property in the area and know it to be a direct result of what is happening in the City. I don't like high prices either but it is nothing new.