"I am not supporter of the sky is falling and own but prices will fall. Far, not likely. Most people I know that bought and own in manhattan put away enough money to cover mortgage, maintenance and life's necessaries have at least 8-12 months of that in the bank. that said, prices will fall but not any major drop b/c unless things get really bad, they can hold on. If it does get bad to that point, well, I will see you and all the bitter renters at the breadline...." [Curbed Interview: Jonathan Miller Breaks Down the Madness]For more stories from Curbed, go to curbed.com.
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