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GtownHoo

Joined: 09/29/2013 Posts: 24267
Likes: 10634


People say that about commercial real estate, but where I live,the pandemic


didn't change the arc of growth much at all. Neither on the residential real estate side nor the commercial side. And that's in a market that has tons of room to grow horizontally (lots of new land to development) - not just passing around existing inventory.

I hear you in terms of some sort of bubble bursting, but to me in NY, that just means a depression of pricing until demand increases and takes up the supply. Manhattan is only 22 square miles. NYC is only 302. Just only so much inventory to go around, and not much space to increase that.

(In response to this post by Wahoos79)

Posted: 04/08/2021 at 12:16PM



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Current Thread:
 
  
Some data charting the recovery -- farragut 04/08/2021 10:42AM
  NYC should be a little bit concerned. -- Wahoo0408 04/08/2021 12:00PM
  Wonder if Bloomberg would come back as mayor? ** -- Hoogle.com 04/08/2021 4:46PM
  Cant have people back into the offices -- Zhoo 04/08/2021 1:06PM
  Today is a big day for your username ** -- HburgCav 04/08/2021 12:15PM
  Indeed it is! ** -- Wahoo0408 04/08/2021 1:14PM
  Very interesting data... thanks for sharing -- uva25 04/08/2021 11:10AM
  In general, -- farragut 04/08/2021 11:42AM
  I wonder what caused the February 2021 dips. -- HOOfan_1 04/08/2021 10:55AM
  Major snow event? ** -- chicken 04/08/2021 12:00PM
  Looks like NYC has a problem ** -- Hoogle.com 04/08/2021 10:54AM
  Wow ** -- 007 Hoo 04/08/2021 10:48AM

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