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I wonder how many Queens residents sold their apartments/condos before this news broke? Talk about timing. I know of one person who was drooling at this unexp
by josefresco 8y ago
I wonder how many Queens residents sold their apartments/condos before this news broke? Talk about timing. I know of one person who was drooling at this unexpected windfall and will now be very... sad.
- schnevets 8y agoBetween this and the L train drama impacting Williamsburg, I wonder how much volatility the outer borough housing market can take. Sure there has been a housing bubble there for a decade, and I'm certain there are some real estate insiders benefiting from this arbitrage, but this kind of dysfunction can't be good for the economy.
- dontbenebby 8y agoI think in the long term that condo will have value. Queens is reasonably priced and a decent commute to Manhattan. My suspicion is long term, it will be commute time that dictates housing prices. (Look at cities in Europe, where there's excellent public transit - the "nice" areas are downtown, and the "slums" or "rough" areas are often in the burbs.