Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (1616)	2/19/2002 11:59:13 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<Care to explain why NY City prices are down 25%? >> _____________ How are prices in the suburbs of New York? Going up? Going down? Seems to me and probably to others who don't live in that city that you New Yorkers have a unique set of economic problems partly if not totally caused by 9/11 events.

To: SouthFloridaGuy who wrote (1616)	2/19/2002 11:59:35 AM
From: JoanP	Read Replies (1) \| Respond to of 306849

<Care to explain why NY prices are down 25%> According to SmartMoney, NYC was already suffering early last year from tens of thousands of layoffs of Wall Street traders and bankers. Its other key industry, media and publishing, was also flailing. Then came 09-11. Afterward, large financial-services firms announced plans to relocate some employees outside New York, or worse, pull up stakes altogether. New mayor Michael Bloomberg is confronting the kind of fiscal crisis not seen since the 1970's. That could mean cuts in yuppie priorities, such as schools and services, leading affluent families to leave town. New York probably faces a somewhat tougher prognosis than other markets for the next couple of years.