Business Insider talked to several industry experts on the current downturn in New York City's current housing market — and they agreed it reminds them most of the housing market after 9/11.
There were the near-bankruptcy years of the 1970s and the Great Recession in 2008-09 — to name just a few. "Before 9/11, we had a good market. The market back then was steadily going up about 10% to 20% every year," luxury broker Lisa Lippman, a 22-year industry veteran, told Business Insider.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
This is so sad time sqaure is a ghost town so is the rest of my City this is not my newyork