The future of NYC rent? (income, education, buildings)

[sirspacepilot]

I'm just curious what everyone expects to see in the next decade or so. Based on the obvious trend of the last 40+ years, I see it just continuing to rise unless something drastic happens like a market crash or another disaster that causes a plateau or drop (though dragging down the income of the community simultaneously). I'm admittedly ignorant in terms of economics education so I wanted to reach out as see what the community had to say on the subject and likely imminent popping of the financial bubble.

[WhyRUMad]

It will eventually go down, then up, then down, then up, then down.

Markets go in cycles. Always has, always will.

[bxlover]

When do they go down ?

[ControlJohnsons]

Originally Posted by sirspacepilot

I'm just curious what everyone expects to see in the next decade or so. Based on the obvious trend of the last 40+ years, I see it just continuing to rise unless something drastic happens like a market crash or another disaster that causes a plateau or drop (though dragging down the income of the community simultaneously). I'm admittedly ignorant in terms of economics education so I wanted to reach out as see what the community had to say on the subject and likely imminent popping of the financial bubble.

watch the next recession (who knows when), but there will be plenty of vacancies..
After 9/11 and 2008 recession, buildings went empty all over the city and were offering 2 month free rent, no fee across the board.