huh? abe beam did more to depress nyc housing prices than did ed koch. between
1980 and 1986, nyc lost 600,000 blue collar jobs (they have never returned),
and between 1987 and 1996 an additional 700,000 white collar jobs (not all of
which have been recovered)

housing prices are jumping up right now because a.) the stock market with its
easy profit of the late 1990's is gone (meaning, "investors" chase other get
rich quick schemes), b.) interest rates are the lowest in 40 some year, and c.)
there is no tax on the first half mil of profits on the sale of a house.

b.) and c.) you can thank Al "Kingmaker" Greenspan for in his effort to Geo the
2nd reelected, to make up for his failure with Geo the 1st.

booms always end. they have to.


bob, the end (of every boom) is just after everyone says there is no end (of
some particular boom).


What boom? NY Real estate has been steadily climbing for 50 years. Short
lulls
don't mean a thing.

RB