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MASSIVE bubble that is going to have an astronomical collapse soon
So by bubble about to collapse can we assume that means an ongoing state of collapse that can constantly be referred to as "soon" no matter how many years it takes for the bubble to pop? How long is the grace period on saying bubble, 10 years, 20 years, 100 years?
So by bubble about to collapse can we assume that means an ongoing state of collapse that can constantly be referred to as "soon" no matter how many years it takes for the bubble to pop? How long is the grace period on saying bubble, 10 years, 20 years, 100 years?
Hahaha. I guess if you scream bubble long enough, eventually you’ll be right. Imagine how much money the OP has cost himself by staying out of the market for the past 5 years.
My thought is the city will become less desirable when the service workers are forced to leave. Can government workers afford to live in a city with 1,000,000 studio apartments? How about food service workers? "Subsidized housing" seems like an idea however taxpayers end up subsidizing employers that will not/can not pay workers a living wage. Look at the bicycle shop owners in the video; they seem to be needing to move due to rent escalation. No; they didn't say it in so many words but they implied it.
....... Look at the bicycle shop owners in the video; they seem to be needing to move due to rent escalation. No; they didn't say it in so many words but they implied it.
You are probably right, rents are high where the shop is located. I would also guess it is a really poor location for a bike shop. They are located almost dead center in the Civic Center area. I think I would have picked a location near residential areas.
There is no bubble. Urban real estate is going up in many major cities. That is unlikely to ever reverse.
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NYC real estate is choking right now...........granted it is still way higher than other big cities but the writing is on the wall that we are peaking again.
NYC real estate is choking right now...........granted it is still way higher than other big cities but the writing is on the wall that we are peaking again.
Real estate is always cyclical. Doesn't mean the market is in bubble territory though....
NYC real estate is choking right now...........granted it is still way higher than other big cities but the writing is on the wall that we are peaking again.
Don't count on ever seeing NYC real estate prices lower than they are now. The population keeps growing but the island of Manhattan is not getting any bigger.
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