How will the unrests impact the NYC housing market? Will it drive more New Yorkers to move to different neighborhoods or leave the city?
We might see an exodus. I hear people are snatching up properties upstate and in the tristate area outside of the city, but it might be more due to coronavirus rather than the protests--people wanting more space to move around. I think most people unilaterally support the cause of the protests.
Well, looks like we did see an exodus out of the city. Interesting to see the current results given this discussion months ago. Prices skyrocketing outside the city in small towns and suburbs. Prices being slashed in the city in both rental and sales markets. Surprised to see how well Brooklyn held up in sales though. If anyone couldn't afford Manhattan before, now's their chance!