WIll The Housing Bust In Any Way Affect Manhattan Real Estate?
Feb 07, 1956 by David H | Posted in Renting & Real Estate
Manhattan real position seems to be immune to the housing bust. Is this likely to change? Will prices eventually go down here as well?
Perhaps to a site, 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 wake up c impregnate down existing housing, and more people pour into NYC every day. That's not going to change. There's such a shortage of housing stock in the diocese, that there will never be a shortage of demand. Just try to find an apartment! Because of the massive demand, the market will bear bizarre 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 grant 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 move 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 real in San Francisco and am looking at maybe buying a second home. But I dont' want to squander 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 assume from 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 span with quaint town houses lined with trees and some spectacular views of the city conservative 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 spit 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.
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 division 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 great 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 gains, ie; paying bills, living expenses, then have on hand at least 6-12 months of reserves. The real holdings Business is very competitive and seems like everyone has a brother, sister, or a friend that is an established agent. Real Situation needs good agents so if this is where your heart is, then go for it. Just be prepared in the financial area. Eulogistic luck.
How Does One Go About Buying An Apartment In Manhattan When Using A Real Estate Broker?
Feb 21, 2007 by green tea | Posted in Renting & Real Estate
My mute and I are looking to buy an apartment in NYC using a real estate broker. However, I don't know if we pick one broker and he helps us through everything and is our liason with all the other real belongings agencies or we pick one broker from each agency.
Any advice would greatly be appreciated!!
First I would say make room sure you work with an expert in your area plus a broker/agent that focuses on investment properties. Also become sure he/she understand multi-family investment and knows the market.
My firm is one of the largest Real Social status Investment companies in the U.S.
Please feel free to email me with any questions/concerns
Perhaps to a site, 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 wake up c impregnate down existing housing, and more people pour into NYC every day. That's not going to change. There's such a shortage of housing stock in the diocese, that there will never be a shortage of demand. Just try to find an apartment! Because of the massive demand, the market will bear bizarre 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 grant 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 move to work, but if I lived in Easton PA and worked in Manhattan, I'd just accept it as a fact of life.