Have you ever wondered how so many young renters can afford to pay Manhattan prices? Streeteasy pegged the median monthly asking rent for a one bedroom in Manhattan at $3,195 as of 11/1/16. They’d have to have really good jobs because ltandlords typically require annual salaries of 40 (or more) times the monthly rent. When … Continue reading Scaling the Not-So-Great Walls of Manhattan
Month: January 2017
It’s no secret that prices of real estate in Flushing Queens have been sizzling. To get an idea of how hot it’s been, consider that 2- to 5-family homes on the market are now being priced, on average, at 26.2 times annual rentals and, are you ready for this, a pro forma cash-on-cash return of … Continue reading China Versus Real Estate Investors
The answer to this headline question is similar to the sort of responses I’ve been giving for several decades in the stock market; it’s a clear, definite . . . maybe. It all depends on where you look and what you’re hoping to find. Back in 2000-02, when the stock market plunged in the … Continue reading Will hot NYC real estate burn investors?
NYC Real Estate Values 