“Anyone factoring in the impact another terrorist attack would have on the economy and the housing market? And the odds that such an attack will happen? As much as I hate to think about the possibility, it seems to me that there is a near certainty that we will see another 9/11 style attack, or worse, in the coming years.”
JES – I agree that such a risk is real. However, the impact is not so predictable. Consider what happened to real estate after 9/11. Who would have guessed that there would be such a huge run-up in 4 years following that event ?
Also, who would have predicted that after this event there would be a general trend of increasing residential housing in high-rise buildings in urban centers? Not me. I thought the opposite would happen
