3 ms·
Do you mean Manhattan is a "declining area" because of century-long demographic changes? (If they've lost population, I'm guessing it's very poor, high-density
by wolverine876 3y ago
Do you mean Manhattan is a "declining area" because of century-long demographic changes? (If they've lost population, I'm guessing it's very poor, high-density housing. Millionaires and billionaires don't want to live 1 family per bedroom.
Possibly I'm misinterpreting ....
- ok_computer 3y agoThat Manhattan remark was extraneous. I wanted to note that decreased population does not always lead to decline in property value. There is a shift from a more widely distributed desirable city middle class to concentrating wealth in coastal cities or new western development.
- wolverine876 3y agoYes, agreed on the first part, and I'm not surprised by the second.