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

To: Jill who wrote (22822)	8/3/2004 12:48:59 PM
From: Jim McMannis	Respond to of 306849

True, and any cause and effect that RE went up because of 9/11 is bogus.

To: Jill who wrote (22822)	8/3/2004 12:51:20 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

Are the prices in downtown NYC still down 15 percent? That's not what we heard about the suburbs, at least, after 9/11. I have no doubt prices might drop this week in downtown, however! Many years ago, I lived for a short time in an apartment complex less than a mile (walking distance) from the Pentagon, which is actually located in Arlington, VA--not DC. It was unbelievably convenient to downtown DC, where I worked. I doubt prices dropped one bit there after 9/11, but not sure. They sure didn't drop in the further-out suburbs or in Arlington itself. After the attacks, local agents were quoted as saying there was some hesitation among buyers for a while, but everything was full-speed-ahead on homebuying after that.