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Thread: New York city bubble estimates

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  1. #2
    Join Date
    Aug 2007
    Posts
    4,009

    Default 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.
    Last edited by touchring; 02-04-09 at 10:49 AM.

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