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A comment on New York’s Wealthiest Cut Losses as Manhattan Real Estate Falters. Parent comment

Re:New York’s Wealthiest Cut Losses as Manhattan Real Estate... by ghobs91 on Thursday November 29, 2018 @03:35PM (#18563724)
The demand side of it is that with every decade, the midwest's manufacturing economy shrinks, and more of their population empties out into the coastal cities. The supply side of the problem is detailed here: https://i.redd.it/ibo81s465yy11.png
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Re:New York’s Wealthiest Cut Losses as Manhattan Real Estate... by maxsilver on Thursday November 29, 2018 @04:23PM (#18564144)
> the midwest's manufacturing economy shrinks, and more of their population empties out into the coastal cities.

Except midwest housing prices are constantly rising too. Obviously not anywhere near coastal cities, but Midwest city housing prices keep going up even as the manufacturing economy there supposedly shrinks.

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Re:New York’s Wealthiest Cut Losses as Manhattan Real Estate... by projectramo on Thursday November 29, 2018 @03:39PM (#18563769)
For sure people want to go to the coastal cities.

I think the missing component of the demand side is the prices of these places. Even with bank bonuses, the numbers are so astronomically high you have to wonder how so many people can afford them.

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