Lower Manhattan was largely developed in the 1960’s due to air rights allowing developers to build upward.As demonstrated in New York, air rights have the potential to help foster urban development and shape a city.

As you see, I am in Scottsdale, having lived here two years since I "escaped" from Manhattan for a break after 13 years and haven't gone back yet.

He runs a great meetup every month that meets in Manhattan and in NJ (forget the location).  

The markets you are talking about are great markets (and much better value than some Manhattan areas).  

http://money.cnn.com/2017/02/16/pf/americans-more-...Household debt is back up to 2008 levels, but delinquency on debt is ~ half.  

To explain further, you can reframe cap rates as NOI multiples as well if that's more intuitive. 5% cap rate = 20x NOI10,000 NOI / 5% = 2,000,0002,000,000 = 10,000 X 20 5% caprate = 20x NOI 6% caprate = 16.66x NOI 7% caprate = 14.28x NOI8% caprate = 12.5x NOI 9% caprate = 11.1x1NOI10%caprate = 10 x NOI So when you see a property sold for a 10 cap, you can just say "That buyer thinks that that property is worth 10 years of NOI or profits" So are cap rates get lower the market is paying "more years of profits" and when cap rates get higher the market is paying "less years of profits" Typically the less risky the future is for a property the "more years of profits" an investor is willing to pay (aka a lower caprate) An apartment building in NYC manhattan will trade at 4% cap rates or 25 year of profits, whereas the exact same building in St.

It may be close, but just because you can see Manhattan from there doesn't mean it's easy to get back and forth.

I am originally from South Africa, but now live in Manhattan Beach, California.

I will send you the PF's soon.

Hello, new to Bigger Pockets but I had a previous rental near Fort Riley KS in Manhattan (The Little Apple) Kansas basically the renters just stopped paying rent for three months before deploying which is meh.