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by Whinner
2150 days ago
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I agree that it's going to get worse. There is a mass exodus out of NYC. I live in northern NJ and lots of my town commutes to NYC. Anecdotally, most of the people I know who worked in NYC are not going back anytime soon. There are bidding wars for smallish houses where a 350k house gets 20 bids and goes for 10% over asking price. People are trying to get out of the city by stay close to at least see how things shake out. One neighbor is talking of moving to a low cost state in the middle of the country as their NYC office is not reopening, but they are all working remotely. Salary arbitrage. |
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