"I don't have to quote a newspaper like the Daily News. I lived it. prices dropped across the board in 1989-1994 recession by 30%(average) and in some nabes by as little as 20%(read best 5th and Park Avenue addresses) and by as much(read 2nd to York and Bdway to WEA) as 40%. it did rebound then over 6-7 years and it will drop and then rebound again. study history of manhattan real estate boom and busts. can't say with any sense of confidence what will happen to outer boroughs." [Is Chelsea's Crazy Alien Pod a Market Meltdown Victim?]
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