tag:blogger.com,1999:blog-13164186.post4223652881308569889..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: New York City joins housing slumpDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-13164186.post-47342337496677148922008-11-13T09:48:00.000-05:002008-11-13T09:48:00.000-05:00"Put a bunch of the city's highest paid employees ..."Put a bunch of the city's highest paid employees on the unemployment line, and it will have an effect." <BR/><BR/>Yep - given that NYC was nearly totally built up, had few subprime/altA loans, and prices too high to attract speculators, til a few months ago, it was absolutely correct to say NYC was immune.<BR/><BR/>Things turned on a dime once the layoffs started, and now they are going to have a pretty good sized bust on their handsAnonymousnoreply@blogger.com