4 ms·

because supply has almost never outpaced demand in these cities

• bmitc 3y ago
  Under what conditions or reality will supply ever outpace demand in big cities like Boston or New York? I don't think it's physically, realistically, or pragmatically possible.
  • micromacrofoot 3y ago
    it’s not, so short of the economy collapsing more housing won’t reverse pricing it will only slow it… this is expected
  • steveBK123 3y ago
    Well it happened to Commercial RE because of COVID, which was seemingly unthinkable. So now we want to convert some to residential. What other unthinkable future could lead to a change in net migration out of urban areas rather than into urban areas? Happened ~1950->1990s. Flipped 2000-2020s. Could flip back? Who knows!
    • bmitc 3y ago
      Was the situation with retail real estate really unthinkable? Retail had been in decline several years prior to 2020.