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Re: Lessons New Yorkers must learn

Posted by Peter Rosa on Fri Nov 22 09:41:50 2024, in response to Re: Lessons New Yorkers must learn, posted by AlM on Thu Nov 21 19:13:23 2024.

That's why co-op and condo prices are down so much and there are so many rental vacancies.

That's because the city's density and extremely high construction costs make it impossible to build anything that's not really high-end. And there's also limited supply, it's not like Dallas or Atlanta where the subdivisions are popping up further out into what used to be countryside.

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