Unless these are new-construction luxury apartments (which the article doesn’t specify), no net migration is implied by a sale. Someone sold, someone bought. What a strange article.
Uehreka•1mo ago
If it’s true that both people and investment dollars are flowing into NYC, but investment dollars are flowing even faster than the people, that’s absolutely hilarious.
killingtime74•1mo ago
The occupancy of apartments, especially luxury ones, cannot be assumed. The average number of people living in them also cannot be assumed to be constant.
Of course the article doesn't mention statistics around either of these.
knollimar•1mo ago
There's an article about luxury apartments sitting empty. Condos of the living dead or something similar that gets passed around in the construction field around these parts.
Notably prescient
fuzzfactor•1mo ago
Those that have other assets which are outperforming real estate can sometimes be the only ones who can actually afford some of the properties, which can change hands until they come to rest under such a situation.
At which point they can afford to hold on to them through lean times in anticipation of future appreciation, and in that case it doesn't make much difference if there is anyone living there or not.
paradox460•1mo ago
Feels like the article started with a conclusion and worked backwards to fulfill it
egberts1•1mo ago
Packing bunk beds into apartments can easily allow mass migration into cities.
Not that I would want to.
skybrian•1mo ago
He hasn’t even started yet. Why would anyone move before we see what he can actually accomplish?
Natfan•1mo ago
hype
dyauspitr•1mo ago
Fulfilling campaign promises hasn’t mattered for years now.
DaSHacka•1mo ago
Because people like Ben Shapiro already said they will never visit New York City while he's mayor.
didgeoridoo•1mo ago
Uehreka•1mo ago
killingtime74•1mo ago
Of course the article doesn't mention statistics around either of these.
knollimar•1mo ago
Notably prescient
fuzzfactor•1mo ago
At which point they can afford to hold on to them through lean times in anticipation of future appreciation, and in that case it doesn't make much difference if there is anyone living there or not.
paradox460•1mo ago
egberts1•1mo ago
Not that I would want to.