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Drop in real estates value, expansion of gentrification across the board.
Truth. Even if rents/prices drop you'll simply open up more opportunities for gentrification, since someone is more likely to take a gamble on a bad neighborhood if rent is *that* cheap.
So NASDAQ dropped 370+ points at open? Does the stock market overreact or does it signal some fundamental changes to this economy? Can NYC RE sustain another recession?
Stock market corrections don't necessarily herald a recession at all.They can be quite healthy and often push real estate prices higher when people pull cash out of equities and seek safer places ….like real estate,especially NYC real estate.
I have a feeling that next year at this time stock indices will be back above where they were before this correction began and real estate values in NYC will be higher than they are today.
Luckily I am old enough to have seen this crash scenario played out many times in the last 3 or 4 decades so if anything I might be tempted to buy a little this afternoon if the market is still down significantly. Doesn't mean I would be thinking it's the absolute bottom it could be a good place start buying.
Believe it or not this was expected. Geopolitics and researchers for years predicted the downfall of Russian and Chinese economies for years now. People were I'm fear of China growing economy. China has plenty of problems such as regional difference. Western China is very Muslim a and central Asian, South western China is very Tibetan, North China is very Mongolian. And Chinese heartland remains Cantonese and Mandarin. Also China economy has problems such as rapidly population. Also like Russia, China does not understand capitalism compared to Western countries that were capitalism for 200 years or more. China economic impact will be felt globally from brics organization with Russia. India China and Brazil, but will also be felt in London, NY and Tokyo markets. My great fear is that this meltdown will push China and Russia to form a new global reserve currency that is not controlled by Anglo Americans from the Bretton woods treaty. As for nyc? Melt down will hit real estate. Expect property values to drop and an expansion in home sales.
My great fear is that this meltdown will push China and Russia to form a new global reserve currency that is not controlled by Anglo Americans from the Bretton woods treaty. As for nyc? Melt down will hit real estate. Expect property values to drop and an expansion in home sales.
So NASDAQ dropped 370+ points at open? Does the stock market overreact or does it signal some fundamental changes to this economy? Can NYC RE sustain another recession?
No recession but I think this will be a bear market for a bit. This is normal though. Stock market has been up for a while, this was bound to happen. In any case this could create an opportunity to buy stocks at lower prices.
It is bothersome that the US market did not react much to the previous selloffs of the Chinese casino markets, and historically these two markets had the least links to each other. Starting from last week, all of a sudden, the US market takes cues of each selloff on the other side. After all, shouldn't a declining rival provide better opportunities for the American economy to expand and grow?
Globalism. The US economy is too tied to China at this point.
Truth. Even if rents/prices drop you'll simply open up more opportunities for gentrification, since someone is more likely to take a gamble on a bad neighborhood if rent is *that* cheap.
The rent won't lower that much anyway if it even does lower.
You know how you get targeted for links on webpages? Somehow I ended up clicking on one of those once and went down the rabbit hole. It was about the stock market crashing in Sept. 2015.
One of the reports said the CIA was tracking the market and all indicators pointed to it crashing Sept. 2015. Some talked about the housing bubble imploding and we're in for a double dip recession and this was a fake recovery from the last recession. Others said it had something to do with the Jewish interpretation of 7.7.7. There are tons of youtube videos about the stock market crashing Sept 2015.
Anyways, if you believe the youtube doomsdayers then this is just a practice dump for next month.
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