Re:Redfin: Vacation real-estate ‘toast’ as Airbnb owners rus...
by lazerpants on Monday May 11, 2020 @03:25PM
(#23145947)
But, you have to take into account the differences in affordability across the city, especially in NYC.
Are people going to want to live in Tudor City if they only have to go to work 1-2x per week? Or do you get a bigger space in Brooklyn or Queens since the commute matters less.
NYC will always have desirable qualities, it always has, but if you look at the desirability of different areas of the city they have changed significantly over time, and could shift to include more distant areas that still have convenient access to the city (Newark, Poughkeepsie, etc.).
Are people going to want to live in Tudor City if they only have to go to work 1-2x per week? Or do you get a bigger space in Brooklyn or Queens since the commute matters less.
NYC will always have desirable qualities, it always has, but if you look at the desirability of different areas of the city they have changed significantly over time, and could shift to include more distant areas that still have convenient access to the city (Newark, Poughkeepsie, etc.).