Re:NYC Active Major Construction
by gniv on Friday February 14, 2020 @06:15PM
(#22331397)
> you'd see 3-5x the number of proposed units as you do, or more.
Why? I would think it depends on population growth, no? From what I hear [1] the population of NYC is actually shrinking (due to taxation and demographics).
After seeing this number (127k units under construction) I'm actually optimistic that prices will drop medium term.
Why? I would think it depends on population growth, no? From what I hear [1] the population of NYC is actually shrinking (due to taxation and demographics).
After seeing this number (127k units under construction) I'm actually optimistic that prices will drop medium term.
[1] https://streeteasy.com/blog/nyc-population/