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So Twitter told all of the NYC employees that they can work home remotely FOREVER If they want to.
I can hear it now from all of the homeowners NYC will be fine it always comes back. NOT from a VIRUS!
Nothing will be the same again this is the end for the housing game in NYC . My Wife is a realtor so believe me I’m not happy about this.
All great empires come to a end sooner or later , NYC time has arrived .
So Twitter told all of the NYC employees that they can work home remotely FOREVER If they want to.
I can hear it now from all of the homeowners NYC will be fine it always comes back. NOT from a VIRUS!
Nothing will be the same again this is the end for the housing game in NYC . My Wife is a realtor so believe me I’m not happy about this.
All great empires come to a end sooner or later , NYC time has arrived .
Yes. Unless a vaccine is developed (and even then, why would people want to go back to commuting, cramped offices, etc when they got used to working from the comfort of their own homes??), this is the new norm and it won't be pretty for NYC. I am now so happy that I never bought any property here...not that I could afford it right now, but even when I had a slight chance at getting a mortgage some time ago, something inside me told me "no, don't do it...you may end up getting fed up with NYC and regretting your debt". Needless to say, I feel vindicated (not happy, but satisfied that I made the right choice).
This will be the trend now but in 2 to 3 years people will forget and the housing/commercial market is back. I feel a lot of people will sell (maybe at a loss) and then in a couple of years those same properties are taken and are doubled the price.
So Twitter told all of the NYC employees that they can work home remotely FOREVER If they want to.
I can hear it now from all of the homeowners NYC will be fine it always comes back. NOT from a VIRUS!
Nothing will be the same again this is the end for the housing game in NYC . My Wife is a realtor so believe me I’m not happy about this.
All great empires come to a end sooner or later , NYC time has arrived .
Agreed. The great benefit of working from home is less sexual harassment claims Ala metoo movement. This is a great thing for most employees to work from home.
I'd wager that a good deal will choose to not work from home every day during the week. I don't know about y'all, but I feel hopelessly unproductive at home.
I'd wager that a good deal will choose to not work from home every day during the week. I don't know about y'all, but I feel hopelessly unproductive at home.
This.
WFH might be a lot more expanded now, but NYC housing/working offices won't go away entirely.
Yes. Unless a vaccine is developed (and even then, why would people want to go back to commuting, cramped offices, etc when they got used to working from the comfort of their own homes??), this is the new norm and it won't be pretty for NYC. I am now so happy that I never bought any property here...not that I could afford it right now, but even when I had a slight chance at getting a mortgage some time ago, something inside me told me "no, don't do it...you may end up getting fed up with NYC and regretting your debt". Needless to say, I feel vindicated (not happy, but satisfied that I made the right choice).
Now would be the time to buy, if anything. It won't stay down forever.
I suspect restaurant employment suffers (eating lunch out is disproportionately non-residents), transportation employment suffers (fewer train and bus passengers = ultimately, fewer subway and train staff), even fewer retail employees as a large % of their 9-5 sales go away.
Even with a vaccine, if the virus really came from some random bat in China, there's plenty more where that came from. And plenty of foreign born Chinese living in NYC and not leaving anytime soon.
I'd wager that a good deal will choose to not work from home every day during the week. I don't know about y'all, but I feel hopelessly unproductive at home.
I am not productive at home either. I am glad I have a job to go to regularly.
Quote:
Originally Posted by NewYorker11356
Now would be the time to buy, if anything. It won't stay down forever.
There is a limited supply on the market, especially housing. Most people aren't budging.
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