WIll The Housing Bust In Any Way Affect Manhattan Real Estate?
Sep 10, 1956 by David H | Posted in Renting & Real Estate
Manhattan real estate seems to be vaccinated to the housing bust. Is this likely to change? Will prices eventually go down here as well?
Perhaps to a station, but Manhattan, NYC as a whole, is in a unique position in the housing market. There's no available space to add more housing, unless you bowl over down existing housing, and more people pour into NYC every day. That's not going to change. There's such a shortage of housing forebear in the city, that there will never be a shortage of demand. Just try to find an apartment! Because of the massive demand, the market will be relevant to ridiculous prices for rental and purchase properties. There will come a time, anywhere else, that prices can't go higher. But in NYC there are more people who can bear the expense those prices, and those who can't go across the river to NJ or even to PA. There's a lot of decent affordable housing in PA and people in the East understand the concept of commute. Here (midwest) I crab about the 26 miles I aggressiveness to work, but if I lived in Easton PA and worked in Manhattan, I'd just accept it as a fact of life.
Mar 08, 2009 by thamsenman! | Posted in Renting & Real Estate
I electrified in San Francisco and am looking at maybe buying a second home. But I dont' want to put in more than 2M ideally. How has Manhattan been doing?
Are my only options a condo next to a brick wall in a bad neighborhood?
I'm not looking for Dominant Park west or anything, but maybe something with a little charm.
I've impute to that the real estate market has dropped there too. Good time to buy. I personally prefer Brooklyn Heights which is on the south side of the Brooklyn link with quaint town houses lined with trees and some spectacular views of the city licit on the East River. The area has a subway station that brings you right into Manhattan. If I were moving to New York that is where I would buy. I used up a lot of time as a G.I in NY when I was stationed in Maryland so I kind of know my way around. I love NYC.
Mar 08, 2009 by thamsenman! | Posted in New York City
I'm looking for a neighborhood/arena with nice views, neighborhood, and close to subway lines in Manhattan.
I currently live in San Francisco (Jackson Ethical) and I'm looking for something quaint, yet close to everything?
What are my options and price points?
Manhattan will be costly. If you have the budget, then I guess it doesn't matter.
You could live 30 minutes outside Manhattan by rear and commute in for work and school.
Also, the close the place is to the rails, the more it will fetch.
My cousin he lives in the Montclair, NJ compass where is somewhat cheaper then commutes in and saved enough to buy two homes there.
How Long Will It Take To See Some Income If I Started Real Estate Now? Particularly Doing Manhattan Rentals?
Oct 27, 2009 by nycoolman | Posted in Renting & Real Estate
I'm about to take a elegance and wanted to going into real estate. I was wondering how long will it take for me to get some type of income. Targeting Manhattan (NYC) Rentals for now.
Go geters always do propitious in no matter what, so if your a go geter the answer lays in your own ability.
Some concerns I would have for you is if you are having to worry about takings, ie; paying bills, living expenses, then have on hand at least 6-12 months of reserves. The real estate Affair is very competitive and seems like everyone has a brother, sister, or a friend that is an established agent. Real Estate needs noble agents so if this is where your heart is, then go for it. Just be prepared in the financial area. Good luck.
Inside Look - Manhattan Real Estate Market - Bloomberg
Roundtable Analysis Featuring Miller Samuel President Jonathan Miller (Bloomberg News)
Smaller Offices, Smaller Discounts
04.12.09
NEW YORK Conurbation-A closer look at the Manhattan office market shows that rent discounts may not be as high as largely assumed for the majority of tenants. In office spaces of less than 10,000 square feet, the gap between asking and net chattels rents is on the decline, says a recent report from boutique brokerage Red Real Estate. That’s uncommonly relevant in an office market where 95% of businesses employ fewer than 50 people.
“The be entitled to of rent discounting is slowing as landlords have arrived at the point where they are either effectively moving hallmark at the new asking price or they have reached their bottom number, even if it means a longer vacancy period,” says Janelle Benjamin, co-possessor and director of research at Red Real Estate. “In this case, landlords may consider waiting for a market redemption to be less risky than underpricing the property for an extended period of time.”
Studying Manhattan commercial properties between September 2008 and October
ArabianBusiness.comAnd, says the Insane Street Journal, it may be forced to unload some of its "trophy properties" which categorize impressive commercial real estate in Manhattan Dubai shows fragility of dreams built on bubblesDubai Far-out Holds Key to Property Revivalall 82 news articles »
Highlights from the Fed's latest cost-effective surveyCommercial real estate markets — both office and industrial — have been steady to moderately weaker. Houses market was mixed, although the high end of the and more »
The troubled real estate bazaar has created a buyers' market for mortgage loan portfolios, RMBS and CMBS, foreclosed real estate, real estate in corporate Now, real estate a consumer's marketall 4 news articles »
Perhaps to a station, but Manhattan, NYC as a whole, is in a unique position in the housing market. There's no available space to add more housing, unless you bowl over down existing housing, and more people pour into NYC every day. That's not going to change. There's such a shortage of housing forebear in the city, that there will never be a shortage of demand. Just try to find an apartment! Because of the massive demand, the market will be relevant to ridiculous prices for rental and purchase properties. There will come a time, anywhere else, that prices can't go higher. But in NYC there are more people who can bear the expense those prices, and those who can't go across the river to NJ or even to PA. There's a lot of decent affordable housing in PA and people in the East understand the concept of commute. Here (midwest) I crab about the 26 miles I aggressiveness to work, but if I lived in Easton PA and worked in Manhattan, I'd just accept it as a fact of life.
ArabianBusiness.comAnd, says the Insane Street Journal, it may be forced to unload some of its "trophy properties" which categorize impressive commercial real estate in Manhattan Dubai shows fragility of dreams built on bubblesDubai Far-out Holds Key to Property Revivalall 82 
Through the real estate flourish, few new developers filled the city with luxury 