New York city bubble estimates

[c1ue]

http://www.urbandigs.com/2009/02/how...pple_bubb.html

MEDIAN PRICE OF 1BR CONDO/COOP FROM 1998 - 2007
Greenwich Village - 185.2% gain, or 18.5% per year
Upper East Side - 209.5% gain, or 21% per year
Upper West Side - 200.5% gain, or 20% per year

MEDIAN PRICE OF 1BR CONDO/COOP FROM 1998 - 2007
Washington Heights - 1110.5% gain, or 111.1% per year
Harlem - 550% gain, or 55% per year
Midtown West / Clinton - 263.8% gain, or 26.4% per year

[touchring]

Re: New York city bubble estimates

Real estate bubbles in hk and singapore almost deflated completely in the 5 years after the Asian Financial crisis. By 2003, prices almost went back to pre-bubble days of 1994.

If we go by this measure, the banking crisis in america is far from over.

Nature has its ways of deflating bubbles, it can be financial, it can be politics, and it can also be act of God, disease, birdflu, etc.