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by OrangeMango 2253 days ago
In the aftermath of 9/11, nobody wanted to live in skyscrapers. But that fear soon faded and prices went back up.

It's probably too early to tell if this is a lasting trend.

1 comments

Yeah, the double-wammy of 9/11/01 and the post-tech-bubble recession drove people out of NYC for a while. Vacancies went up and re prices went down. But it didn't last forever, obviously. It is hard to say if this will be different--we're going to be living with this for some time at some level, and it's still hard to say how much for how long.