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Hamptons Real Estate Compared to Late 80's

October 28, 2008

Analysis of:Current Downturn Similar to Late ’80s, Says New York Fed | nreionline.com

As similar to the late 80's downturn, it is expected that real estate values in the Hamptons (and Manhattan) will not see significant reduction loss, but will remain flat for a period of time. The difference between the late 80's and today is that both the US Fed and the G7 are committed to getting in front of this downturn and managing the variables until growth returns. Sure, you can be bear-ish. Do a rain dance liong enough and it will rain, but I believe that now is the time to strike and make the best deal you can for the property you want. I don't see values dropping signifigantly in Manhattan and the Hamptons.

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