NYC real estate prices – Piggington's Econo-Almanac

This topic has 2 replies, 3 voices, and was last updated 4 years, 10 months ago by The-Shoveler.

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January 27, 2020 at 5:26 AM #22795

Coronita
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Just curious how NYC real estate prices are.
I vaguely remember Manhattan was really really expensive and going up really fast.

Just saw this and was wondering how are things.

https://www.bloomberg.com/news/articles/2020-01-27/nyc-apartment-building-sales-plunge-after-rent-rules-dent-values?srnd=premium

Is rent control push prices up in areas not subject to them, like in Manhattan

January 27, 2020 at 8:36 AM #814494

FlyerInHi
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Isn’t that what rent control is supposed to do?

January 27, 2020 at 8:56 AM #814495

The-Shoveler
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A more important statistic to follow is how many new apartment projects were canceled etc…

As I understand it new apartment projects in SD have fallen off a cliff.
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