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Updated over 4 years ago on . Most recent reply

Jonathan Chan's profile image
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Jonathan Chan
  • Lender
  • from Clermont, FL
  • Member since Sep 26, 2020
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Jonathan Chan's profile image
Jonathan Chan's profile image
Jonathan Chan
  • Lender
  • from Clermont, FL
  • Member since Sep 26, 2020
Connect
Jonathan Chan
  • Lender
  • Clermont, FL
72
Votes |
135
Posts
General Real Estate Investing

What About New York City?

Jonathan Chan
  • Lender
  • Clermont, FL
Posted

Good morning all. I've been reading a lot of articles saying that people are fleeing the cities cheaper places to live. Properties in NYC are discounted 20-30%. I was just curious what your thoughts were on investing in NYC. 

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Steven Foster Wilson
  • Rental Property Investor
  • from Columbus, OH
  • Member since Mar 24, 2017
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Steven Foster Wilson's profile image
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Steven Foster Wilson
  • Rental Property Investor
  • from Columbus, OH
  • Member since Mar 24, 2017
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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Replied
Originally posted by @Jonathan Chan:

Good morning all. I've been reading a lot of articles saying that people are fleeing the cities cheaper places to live. Properties in NYC are discounted 20-30%. I was just curious what your thoughts were on investing in NYC. 

NYC will always be a hub of international culture, business, and night life. However investing can pose alot of difficulties with high taxes, prices, and landlord tenant laws.

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