The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jill who wrote (184451)	2/17/2009 10:58:27 PM
From: tejek	Read Replies (1) of 306849

But vibrancy returning to NY? I don't see it. The publishing industry has been decimated. Like patron, I thought the article was a bit NY centric. And I understand how you might be skeptical. However, NY has a history of coming back from the dead. Given its concentration of talent, it has a way of reinventing itself. I think a lot of this hinges on whether the city remains a global financial center. The author believes it will. Time will tell. As for the publishing industry, don't the changes going on in that industry predate the financial crisis and aren't they more structural in nature? The industry seems to be having a difficult time transitioning to a business model that works with the internet. Until they do, I think there will be a lot of pain.

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