Seema Aggarwal
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NYC will always be a good long-term investment

March 6, 2009 by seema.aggarwal · 1 Comment 

Well, this title says it all. I am not saying this because I am in the business of brokering real estate sales. I am saying this because I am a real estate investor.

History: it does repeat itself. Even when it seems history absolutely will not repeat, can not repeat…it does. Every time NYC real estate (specifically, Manhattan) has gone down in value by a significant amount (10%+), people who buy have come out ahead. In fact, when NYC real estate goes up by a significant amount (200%+), people who buy have come out ahead.

Is there a trend here? Absolutely, and it is not hard to recognize.

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One Response to “NYC will always be a good long-term investment”
  1. Fira says:
    March 7, 2009 at 10:17 am

    I think you are absolutely right. Nobody has been this optimistic, yet realistic in a long time related to our current crises. Thank you for this refreshing outlook.

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