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"Look, I would love to see the housing market in NYC completely crash to the point that lower Manhattan brownstones are being sold in the 100ks. I know, however, that such a scenario is pretty much impossible. On the other hand, Sai Baba's correct. You cannot have such an increase in price without a corresponding fall. Look at stocks, gold, oil, or any other commodity. You won't every get a brownstone for 100k, but they might start running for 500k."?BitterRenter [Manhattan Housing Prices Doubled Over Past Decade]