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It’s a problem at the high end (which is most of what’s been built lately) https://www.nytimes.com/2019/09/13/realestate/new-development-new-york.html https://w
by timidiceball 7y ago
It’s a problem at the high end (which is most of what’s been built lately) https://www.nytimes.com/2019/09/13/realestate/new-development-new-york.html https://www.nytimes.com/2019/09/13/realestate/new-developmen...
- vobios 7y agoDoes the data presented in that article really suggest that the apartments are actually empty or is it simply that it takes a while to sell out a new development? It's going to take a while to move a hundred units, especially if you want to increase the profits. The StreetEasy report the article is inspired by actually shows that in 2019 there were more condos sold than completed.