"This is a rather gross analogy: The very idea of International buyers back then was almost unknown. Today these buyers who not only come from Europe but also more and more from Asia or Latin America will continue to play a big role in NY real estate. This is the same reason why Paris prices went up by 25 to 30% in the last 2 years!... Do the math!"—carlitony [Manhattan Real Estate is Doomed to Repeat the 1930s]
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