The Bronx real estate market makes no sense (New York, York: 2015, tech jobs)

[pierrepont7731]

Originally Posted by Harry88

Couples make $2million a year in NYC.

Right, but that's not the norm... Not even close, not even in Manhattan.

[l1995]

Originally Posted by BPt111

The young people who are gentrifying NYC and obsess with the the city Gen Z is upcoming one



https://www.youtube.com/watch?v=aqdm6aBUZII&app=desktop

these labels are so stupid. There is absolutely no way I have more in common with a 13 year old than a 24 year old

[BPt111]

Bronx dream of becoming next mini Manhattan has cool down little


https://therealdeal.com/2018/05/15/i...ugh-president/

[BPt111]

Originally Posted by l1995

these labels are so stupid. There is absolutely no way I have more in common with a 13 year old than a 24 year old

They part of Gen Z but youngest ones

[GoHuskies]

Originally Posted by BPt111

Bronx dream of becoming next mini Manhattan has cool down little


https://therealdeal.com/2018/05/15/i...ugh-president/

The statistical cool down is likely due to more large scale projects one year vs the next. Smaller scale developments such as low rise condos and luxury rentals will continue.

[Harry88]

Originally Posted by pierrepont7731

Right, but that's not the norm... Not even close, not even in Manhattan.

you're right. median professional income for couples is now about $400-$500k for folks in their late 30's-50's.

College grad avg salaries in professional jobs around $85k at age of 22.

That's all real estate prices reflects. Salary/wage inflation. Basically if you can't afford it, it means your wages are below the middle of the bell curve.

[l1995]

Originally Posted by BPt111

They part of Gen Z but youngest ones

My point is that these labels are arbitrary, how am I not the same generation as a 24 year old, but am the same generation as a 13 year old?

Also, I've hard people born as recently as 97 or so included in the millenial label.

[l1995]

Originally Posted by Harry88

you're right. median professional income for couples is now about $400-$500k for folks in their late 30's-50's.

College grad avg salaries in professional jobs around $85k at age of 22.

That's all real estate prices reflects. Salary/wage inflation. Basically if you can't afford it, it means your wages are below the middle of the bell curve.

I highly doubt that.

[BPt111]

2017 was great year for the Bronx

2017 was Bronx's biggest year for development since Great Recession | Crain's New York Business

[BPt111]

"I moved back to the Bronx last year based on my internal image of the Bronx"

"What I didn’t expect to negotiate is what it would look like to move back as parts of the borough have started to thrive."

"My current block features a new luxury condo building with a rooftop swimming pool"

great read

https://www.villagevoice.com/2018/05...-but-for-whom/