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Updated almost 10 years ago,

Max Galka's profile image
Max Galka's profile image
Max Galka
  • from New York, NY
  • Member since Nov 23, 2014
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Max Galka's profile image
Max Galka's profile image
Max Galka
  • from New York, NY
  • Member since Nov 23, 2014
Connect
Max Galka
  • New York, NY
1
Votes |
8
Posts
Real Estate News & Current Events

Can Anyone Explain What is Going on in the NYC Housing Market

Max Galka
  • New York, NY
Posted

Some recent stats

128 Homes Valued at $25M or more (one unit sold at $100M last month)

It seems like out of nowhere, people in NYC are all of a sudden paying completely nonsensical prices for housing.  And this is only the beginning.  There are 6 new towers under construction that will all be more expensive a luxurious that anything in NYC currently.

Why is the happening now?  I know the wealth disparities have grown in recent years, but this all seems to have happened in the last 6 months.

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