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Re:New York’s Wealthiest Cut Losses as Manhattan Real Estate... by CydeWeys on Thursday November 29, 2018 @03:44PM (#18563814)
They're not making any more land in Manhattan. Haven't in awhile. Meanwhile, the worldwide population continues going up and up, and the city's population has increased too.

It's the inevitable result of constricted supply and growing demand.

Re:New York’s Wealthiest Cut Losses as Manhattan Real Estate... by teachrdan on Thursday November 29, 2018 @05:10PM (#18564605)
You're mostly right, but the construction of the Hudson Yards projects basically counts as new (buildable) land in Manhattan:

https://en.wikipedia.org/wiki/Hudson_Yards_(development)

Re:New York’s Wealthiest Cut Losses as Manhattan Real Estate... by donretag on Thursday November 29, 2018 @05:27PM (#18564727)
Battery Park City was built on landfill using material from the World Trade Center.