3 ms·
Only if the wealthy tenants come back. The biggest driver of real estate prices in general has to be the top 5-10% of income
by mywittyname 6y ago
Only if the wealthy tenants come back. The biggest driver of real estate prices in general has to be the top 5-10% of income
- jshaqaw 6y agoI live in NYC. The number one reason people I know leave is affordability vs the suburbs or next tier cities. I know a handful of people who aren't/weren't cut out for life in the Big Apple. The vast majority would stay if they thought they could. If you think we are in a world of permanent pandemic then yeah things could really change. If you think 12 months out things mainly normalize then lower prices will definitely draw people back in and re-establish equilibrium.