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Updated over 2 years ago, 04/05/2022

Nathan Gesner's profile image
Nathan Gesner's profile image
Nathan Gesner
Property Manager
Agent
Pro Member
  • #2 All Forums Contributor
  • Real Estate Broker
  • from Cody, WY
  • Member since Apr 27, 2010
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27,396
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Nathan Gesner's profile image
Nathan Gesner's profile image
Nathan Gesner
Property Manager
Agent
Pro Member
  • #2 All Forums Contributor
  • Real Estate Broker
  • from Cody, WY
  • Member since Apr 27, 2010
Connect
Nathan Gesner
Property Manager
Agent
Pro Member
  • Real Estate Broker
  • Cody, WY
40,303
Votes |
27,396
Posts
General Landlording & Rental Properties

What's going to happen to NY City?

Nathan Gesner
Property Manager
Agent
Pro Member
  • Real Estate Broker
  • Cody, WY
ModeratorPosted

There aren't enough renters to build demand so prices are dropping. They're dropping so low that Landlords are choosing to keep the units vacant rather than fill them at reduced prices. In August, they warehoused over 5,000 apartments and rates have dropped to their lowest since 2010, a 15% decrease in just one year.

https://www.businessinsider.co...

Will New York continue to bleed, or do you think this is a temporary thing?

  • Nathan Gesner
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