2 ms·
> $2.6 billion is chump change For the entire US yes. For new york city, that's just under ~3% of total sales. Given how fundamentally illiquid residential hou
by KaiserPro 5y ago
> $2.6 billion is chump change
For the entire US yes. For new york city, that's just under ~3% of total sales. Given how fundamentally illiquid residential housing market is, thats more than enough to push prices up/down as the player sees fit.
- thebean11 5y agoI bet it's even an even bigger part of the pie if you exclude $10m+ homes. My hunch is that the middle and low end of the market is more attractive because they are easier to rent.