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'Mamdani Effect' Is Seeing More People Moving to New York, Not Leaving It
- deleted 11mo ago[deleted]
- didgeoridoo 11mo agoUnless these are new-construction luxury apartments (which the article doesn’t specify), no net migration is implied by a sale. Someone sold, someone bought. What a strange article.
- Uehreka 11mo agoIf it’s true that both people and investment dollars are flowing into NYC, but investment dollars are flowing even faster than the people, that’s absolutely hilarious.
- killingtime74 11mo agoThe occupancy of apartments, especially luxury ones, cannot be assumed. The average number of people living in them also cannot be assumed to be constant. Of course the article doesn't mention statistics around either of these.
- knollimar 11mo agoThere's an article about luxury apartments sitting empty. Condos of the living dead or something similar that gets passed around in the construction field around these parts. Notably prescient
- fuzzfactor 11mo agoThose that have other assets which are outperforming real estate can sometimes be the only ones who can actually afford some of the properties, which can change hands until they come to rest under such a situation. At which point they can afford to hold on to them through lean times in anticipation of future appreciation, and in that case it doesn't make much difference if there is anyone living there or not.
- paradox460 11mo agoFeels like the article started with a conclusion and worked backwards to fulfill it
- egberts1 11mo agoPacking bunk beds into apartments can easily allow mass migration into cities. Not that I would want to.
- skybrian 11mo agoHe hasn’t even started yet. Why would anyone move before we see what he can actually accomplish?
- mdni007 11mo ago[flagged]