Is Your Apartment Like a Dot-Com Stock?

Henry Blodget warns us on NYC real estate:

from 1986 to 1995, after the stock market crashed and the government eliminated some real-estate tax shelters, the price of the median co-op dropped by nearly half, from about $360,000 to about $200,000. Those who bought new pads in the mid-eighties were underwater for more than a decade (and weren’t talking about what a great investment real estate was).

NewYorkMetro