I'm looking at JC/Hoboken compared to downtown Manhattan for more space/$. However, the concern is that buying now in JC during this mini-peak will place a buyer in a situation similar to your own, ie. selling without appreciation in 5-7 year time frame. Correct me if I'm wrong, there seems to be a larger fluctuation in prices during the last several years in JC/Hoboken. This fluctuation will likely be more dramatic with the addition of a few high rises in downtown JC. By comparison, Manhattan apts seem to hold their values more steadily. At this point, it is my opinion that Manhattan is a better bet from an investment perspective. If the current mini housing bubble induced by the low interest rates and mild winter busts soon, maybe JC would be a good buy, or at least more apts to choose from, with all the upcoming new constructions in Waldo. On other hand, if Euro or China busts and induces another recession, maybe I will sleep better by simply renting those beautiful new waterfront apts :).