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Old Posted Aug 12, 2007, 12:37 AM
GFSNYC GFSNYC is offline
Realistic Optimist
 
Join Date: Oct 2005
Posts: 32
If you know something about real estate then, you'd know that really NYC is probably one of the least risky markets in the world. You'd also know that the market is very imperfect, immediately after 9/11 was the best time to develop, when everyone was scared.

Durst took what looked like a risk to everyone else, was actually a great opportunity. True experts know that the best time to invest is in a down market... total chaos. An upturn in the market is one of the worst, once the land is secured, the market turns sour and your left holding overpriced real estate with no tennants.

In addition, in a market that continually surges upward, if you are conservative and sit out a strong market, you may be waiting quite some time for that downturn and miss opportunities along the way.

Really, NYC is not much of a risk. It has all the fundamentals and important infrastructure of a big city to ensure its success, hell, the most destructive attack on US soil with more American casualties in one day then any other in its history has not stopped the city. There is little that can.
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