Let me take my neck on the future direction of house prices to the USA. I think we 're in the midst of a rather chaotic transition from a fairly flat price for a distribution that looks much more like a power law. Or, in other words, inequality of housing is rising. The concept of a medium or median house will become unnecessary, because people are more and more for not paying the house for anything they 're paying for its location. More precisely, the city of New York is a unique property market, which can and must continue to appreciate, even if the rest of the USA sees a sharp slowdown.

During the first quarter of this year, the City of New York real estate market booming, while the rest of the country has seen some bad falls in house prices. And I suspect that the same trend may continue for some time. In part, that 's because very few owners in Manhattan have subprime mortgages. But on a much larger scale, it 's because New York is one of the few cities worldwide that are winners against challenges. All the things you buy when purchasing an apartment can 't be measured in square feet.

There are various reasons why New York was spared a slowdown in the market. The heavy subsidies on Wall Street is one; another is a constant influx of immigrants rich. Both help maintain the high demand properties. The weakness of the dollar also encouraged foreign buyers. Forward among them are English, who, like the gaze of an exchange rate which gives them two dollars for the book.