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Armageddon

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"For months, foreigners have been keeping our market flying high, swooping in and bearing prices aloft. Even as New Yorkers have fretted at the talk of housing bubbles and slowdowns, we have been heavily insulated from the price drops brought about by the larger economy; the weak dollar has made the prospect of a bargain pied-à-terre in Manhattan very attractive to buyers in Asia and Europe. But now it appears—at least in a very preliminary sense—that those buyers are wavering." Eep. [NYMag]