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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (456503)	2/14/2009 6:45:58 PM
From: tejek	Respond to of 1575002

>Manhattan is expensive because it is an island where land is dear. Right, but prices can come down. In the '70s when crime was up, the City's finances were bad, and no one wanted to live here, prices were very low. Once the wealthy started leaving the suburbs to come back to the City, they skyrocketed. The 1970s also coincides with the period when Wall Street tried to decentralize out of the City. It didn't work, and the city got its act together and recovered. The current prices are bubble prices. They ARE high.....part of that though is foreign money coming in and buying a pied à terre. It has kept prices from falling badly. That could change of course.