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i've thought that once rudy is gone NYC will go downhill very fast. a democrat administration will owe various groups paybeck and mark green as a liberal will begin to dismantle the quality of life regulations. NYC has been wonderful since rudy was elected...we had a weekend place in manhattan but decided to sell 2 years ago when real estate was at a record high. we recently thought about buying another apartment but NY seems to be a very melancholy place, so like such damaged goods. rudy presided over a wonderful and vibrant city, i almost pity the mark green.

It's hard to figure which way NYC real estate will go..I think the top end...the 8 figure prices will collapse..then the middle range will go quickly..some prices have almost doubled in three years....and could easily come back to those early prices.....lots of banks and H/E companies will be holding lots of real estate with negative equity......rememebr the early 80,'s when R/E prices in the met ares collapsed nearly 40%...it took 6 years to get back to former levels......this disintermediation could be worse, simply because lots of places will get dumped.....

BTW, I like your FR handle..are you really "Machiavellian?" (G)