Prices in glamour cities are likely to drop sharply the next time there is a serious recession, or if the local economy suffers a severe shock, or if interest rates rise too fast. Then, contagion within and across markets can work in a downward direction, propelling prices lower for years.
在下一次出现经济萧条，或地方经济遭受严重打击，或银行利息率迅速回升时，大城市的房价很有可能急剧下跌。那么市场内和市场间的投机热会显现下滑态势，从而促使房价持续多年保持相对低迷。