Reply With QuoteWell, once the southern invasion of the north is complete with refugees - I'm sorry, I mean "Americans" - moving to where there's homes, the empty issue might not be a problem any more.
Does it make sense to build anything but Condos?
Ive been looking around and all I see is Condo developments, Condo Conversions and, the odd ball, big user office buildings (BOFA, Times, GS). But even the big user offices arent doing that well in terms of lease up velocity.
Whats the deal?
Well, once the southern invasion of the north is complete with refugees - I'm sorry, I mean "Americans" - moving to where there's homes, the empty issue might not be a problem any more.
well the comercial market is flat, has been since 9/11 but is picking up. However to get alot of office buildings going you really need companies expanding alot in order to have to make more room for new workers.
AS for condo's, tenants have so many laws protecting them that its hard to manage a rental, most developers want nothing to do with it, so Condo's are easy
And with companies cutting jobs (Sony announces 10,000 layoffs today, NY Times announced layoffs) the commercial market is not going to oick up. Plus, this devastation in the south is going to be disastrous. This country is in debt to China up to its eyeballs. There is no way to rebuild and fight a war simultaneously. No way. We heading for depression here.
More people are moving south than north. Look at Texas and Florida. Then look at the northeast states. Who's growing?Originally Posted by BrooklynRider
Northeast is in decline, but NYC is the only place up here that is actually growing
This week? It sure ain't Texas.
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