ST Alpha - "ty97: NYC obviously got crushed, but look at the recent transactions. The market is recovering very rapidly. -- nm" (Reading a Post)

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ty97: NYC obviously got crushed, but look at the recent transactions. The market is recovering very rapidly. -- nm

Posted by MDH May 5 '21, 07:44

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All I read and hear is how rents are low and dropping but I'm not seeing it when I look at apartments. Prices are pretty much back to where they were - Krusty May 5, 07:50 13
- Oh yeah the drop already happened in rents, and NYC is back on an upswing. To take advantage moving was needed late summer 2020. -- nm - MDH May 5, 07:53 3
  - Nah, the prices still aren't back thought the dropping has stopped and some rebound may be happening. - ty97 May 5, 07:56 2
    - I'm really looking forward to the next season of Million Dollar Listing:New York. -- nm - Volnelk May 5, 08:01 1
      - "This one bedroom is 600 square feet instead of 550 square feet!" -- nm - ty97 May 5, 08:03
- Prices definitely did drop quite a bit. But they may have rebounded? -- nm - ty97 May 5, 07:52 8
  - What we're hearing is that people are moving from NY and California and using cash to pay for the cheaper homes here. - Ear Victim May 5, 08:02 6
    - You should be so lucky! - Krusty May 5, 08:09 2
      - You’d love it here! -- nm - Ear Victim May 5, 08:13 1
        
        I'd love hanging out with you, Kim, Kelly and Will. -- (edited) - Krusty May 5, 08:52
    - A correction at least partially made possible by the much wider adoption of remote working -- nm - JD May 5, 08:06 2
      - This is exactly what real estate agents are telling us. -- nm - Ear Victim May 5, 08:13
      - I don't see remote working lasting a whole lot longer. -- nm - Krusty May 5, 08:10
  - In some areas it definitely rebounded though there are still some deals to be found. But it's not like what I'm reading which is making it sound like - Krusty May 5, 07:58

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