billionaires row.... manhattan ny... if you broke don't come here...LOL:sadcam::beli:

[L&HH]

It's a way to park money especially if that money is somewhat ill gotten. My friend in real estate in nyc was telling me how a lot of the foreign buyers are Chinese who were made wealthy through govt. ties over there and those ties are volatile as hell when govt. changes , you don't get the same favors as because. So what they do is park money in the US and I also hear that you can get your green card and on pathway to US citizenship that way since buying real estate for a certain amount is considered "investment" in the American economy.

EB-5 visa - Wikipedia

 

[Calmye]

Housing market will not crash like the mid 2000s again. That was less about housing and more about CDOs from said housing subprimes that the economy invested in. This is not happening again like that.

Oh it's happening but it's not going to be so widespread but we're going to see a lot of bankrupt people in there 30s and the divorce rate and suicide rate spike

 

[Bumblebreh]

Housing market will not crash like the mid 2000s again. That was less about housing and more about CDOs from said housing subprimes that the economy invested in. This is not happening again like that.

Breh we are due for a recession so how can you say that when prices are at an all time high?

 

[Cave Savage]

Breh we are due for a recession so how can you say that when prices are at an all time high?

There is too much demand to live in NYC. Just look at what the Chinese are doing.

There is a pretty high demand for most NYC neighborhoods, meaning that even boring, mediocre neighborhoods can be expensive to buy in.

 

[UberEatsDriver]

There is too much demand to live in NYC. Just look at what the Chinese are doing.

There is a pretty high demand for most NYC neighborhoods, meaning that even boring, mediocre neighborhoods can be expensive to buy in.

They need to give the Chinese a 15% vacancy tax. That will teach them to not to keep those buildings empty.

 

[Cave Savage]

They need to give the Chinese a 15% vacancy tax. That will teach them to not to keep those buildings empty.

I wasn't even thinking about the buildings, I was thinking of them paying over 1 million dollars for shytty houses. It seems like they're trying to really make these neighborhoods theirs. I doubt many non-Chinese would want to pay 1 million dollars for a house in Bensonhurst or Corona. I wouldn't even consider those neighborhoods if I had 1 to 1.5 million dollars to spend on a house.

The buildings I think (referring to the non-luxury ones) are expensive because of the high demand but also willingness off immigrants to live in overcrowded apartments.

 

[Cave Savage]

I think South Asians are raising prices too, but to a lesser extent. Richmond Hill, South Ozone Park, Jamaica, etc. are mediocre neighborhoods but the houses are starting to get pretty expensive there.

 

[UberEatsDriver]

I think South Asians are raising prices too, but to a lesser extent. Richmond Hill, South Ozone Park, Jamaica, etc. are mediocre neighborhoods but the houses are starting to get pretty expensive there.

South Ozone Park = ghetto.

 

[Cadillac]

Man I just can't ever live in NY.

NY is just to different to and polar opposite to my state.

That density

 

[Cave Savage]

South Ozone Park = ghetto.

Is it that bad? I've been there a few times and it just looks like a typical, slightly dumpy Queens neighborhood to me

Still, the houses are pretty expensive there for what it is

 

[UberEatsDriver]

Is it that bad? I've been there a few times and it just looks like a typical, slightly dumpy Queens neighborhood to me

Still, the houses are pretty expensive there for what it is

Used to be much worse especially Rockaway Blvd area.

 

[UberEatsDriver]

Man I just can't ever live in NY.

NY is just to different to and polar opposite to my state.

That density

Barely any of us live in Manhattan sir lol. Except the Harlem heads lol

I couldn’t see myself living in Manhattan either except Harlem.

 

[Cave Savage]

Used to be much worse especially Rockaway Blvd area.

Rockaway Blvd in Springfield Gardens looks run down too

 

[UberEatsDriver]

Rockaway Blvd in Springfield Gardens looks run down too

My mom almost bought a house in Springfield Gardens. Springfield is Sort of ghetto. I think it’s quite these days. But def not as good or nice as St. Albans, Laurelton, Rosedale and Cambria Heights.

 

[Cave Savage]

My mom almost bought a house in Springfield Gardens. Springfield is Sort of ghetto. I think it’s quite these days. But def not as good or nice as St. Albans, Laurelton, Rosedale and Cambria Heights.

It's not super hood or anything but I wouldn't call it a nice area. There is a lot of litter and quite a few bums for a residential neighborhood. Plus no good food options besides Jamaican