This speaks to the idea of filtering, and how all residential - TopicsExpress



          

This speaks to the idea of filtering, and how all residential property gradually filters down to lower-income households in the long run, which is why the current boom will eventually benefit New Yorkers of a wider income spectrum — from the mere-millionaires who may eventually live in these apartments, to those in the outer-boroughs and Upper Manhattan who won’t be priced out by those seeking luxury property. The more supertalls that rise, the less their intrinsic value will be; given time, the subdivision of mega-condos seems likely 0_0
Posted on: Thu, 17 Jul 2014 17:43:57 +0000

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