Tuesday, January 21, 2020

In NYC, why are homeless shelters full, and luxury condos vacant?

Good article in The Atlantic focusses on several factors

1. Declining demand for luxury condos:
Developers bet huge on foreign plutocrats—Russian oligarchs, Chinese moguls, Saudi royalty—looking to buy second (or seventh) homes. ... But the Chinese economy slowed, while declining oil prices dampened the demand for pieds-à-terre among Russian and Middle Eastern zillionaires. It didn’t help that the Treasury Department cracked down on attempts to launder money through fancy real estate.

2. Developers are building larger, higher-cost, housing:
First, the typical new American single-family home has become surprisingly luxurious, if not quite so swank as Manhattan’s glassy spires. Newly built houses in the U.S. are among the largest in the world, and their size-per-resident has nearly doubled in the past 50 years. And the bathrooms have multiplied. In the early ’70s, 40 percent of new single-family houses had 1.5 bathrooms or fewer; today, just 4 percent do. The mansions of the ’70s would be the typical new homes of the 2020s.

 3. Restrictions on supply (restrictive zoning) slow supply responses and make it more costly to build:
Third, and most important, the most expensive housing markets, such as San Francisco and Los Angeles, haven’t built nearly enough homes for the middle class. As urban living has become too expensive for workers, many of them have either stayed away from the richest, densest cities or moved to the south and west, where land is cheaper. This is a huge loss, not only for individual workers, but also for these metros, because denser cities offer better matches between companies and workers, and thus are richer and more productive overall. Instead of growing as they grow richer, New York City, Los Angeles, and the Bay Area are all shrinking.

The result is excess demand for cheap housing, and excess supply of expensive housing.
Young adults today are one-third less likely to own a home at this point in their lives than previous generations. Among young black Americans, homeownership has fallen to its lowest rate in more than 60 years.

So why doesn't the luxury price decline to where quantity demanded = quantity supplied?
...developers have been reluctant to slash prices too suddenly or dramatically, lest the market suddenly clear and they leave millions on the table.

4 comments:

  1. ◾PROTOCOL SHIELDERS◾
    HELLO, I am COREY RODRIGUEZ by name,the only CEO of protocol-cyber-shield-hackers.  In this message, we will explain how you can almost avoid SCAMMERS and stay safe,  plus how our organization works. Read it carefully!! Its reading will not take more than 10mins. 
    We kindly URGE you to not respond without have read the entire text. Those who mail without have read everything, ask questions that are been answered here.

    ⚠️WARNING:
    MOST HACKERS YOU SEE HERE ARE FAKES AND SIMULTANEOUSLY INCONGRUOUS !. 
    It tears US up when we receive bitter mails of Jobs attempts proposals from most clients with hacking issues but never get close to having them done, thereby wasting a lot $ in the process, 
    EXAMPLES: 
    ➡️MOBILE PHONE HACKING.
    ➡️BINARY FUNDS/BITCOIN RECOVERIES.

    ➡️SOCIAL MEDIA ACCOUNT/EMAIL HACKING etc....
    if you in a haste to have all of these done by seeking hackers yourselvesyou will only get ripped.
    PLEASE PAY ATTENTION TO THIS ARTICLE AS YOU READ THROUGH IT.

    HOW WOULD YOU KNOW?? 

    TAKE NOTE AND PRECAUTIONS:

    1. you see uncertified email accounts carrying numberings likeiamhacklord1232@(gmail,yahoo or hotmailDOTcom)  pls flee from them, BIG SCAMMERS.

    They take your money and never do your job!! 

    2. you see posts like "do you need to spy on spouse?" All fake!just a way to lure you towards getting ripped!. 3, posting fake testimonies and comments to trick you into feeling safe. Pls endeavour to ignore!! 

    ➡️NOTE: beware as we urge you not to make respond to any "IVAN HONG,PETER SANTOS,MONICA HART (impersonating with our articles pretending to work under us)
    WE ONLY HAVE 2 EMAILS WHICH ARE LISTED BELOW THIS ARTICLE TO ATTEND TO ALL MANNERS OF CYBER HACKING ISSUES.

                           ◾VERY IMPORTANT ◾
    For years now, We've helped  organizations  secure data base,  so many sites USE US AS SECURITY BACK UP TEAM BECAUSE OF OUR METHODS OF  HANDLING CYBER MISHAPS. 

    "iPhone/ANDROID HACKS"

    "CLEAR CRIMINAL RECORDS"   

    "FUNDS RECOVERIES" AND LOT MORE BEEN DONE IN SHORT TIMING!
    these are significant EXPERIENCES & RECORDS a good and effectively fully recognized organization must firmly ascertain. 

                            ◾OUR AIMS HERE◾

    1◾to assign a qualified agent of specific rank to particularly any sort of cyber issues you intend dealing with in short and accurate timing.

    2◾ to screen in real hackers (gurus only) in need of job with or without a degree, to speed up the  availability of time given for Job contracts given to us.!! Thus an online binary decoding exam will be set for those who seeks employment under the teams Establishment.
     write us on:
    ◾Protocolhacks@gmail.com
    ◾Cybershieldnotch@gmail.com
    ◾binaryoptionretrieval@gmail.com
    COREY ROD, 
    SIGNED...
    Thank you..

    ReplyDelete
    Replies
    1. ☑️☑️ ☑️ DO YOU WANT TO RECOVER YOUR LOST FUNDS ON CAPITAL INVESTMENTS, BITCOIN INVESTMENTS, BINARY OPTIONS, LOAN AND OTHER SCAM FOREX TRADING BROKERS??? 🔥 TAKE YOUR TIME TO READ 🔥 ⚡️

      ☑️ The COMPOSITE CYBER SECURITY SPECIALISTS have received numerous complaints of fraud associated with websites that offers opportunities for Capital Investments, bitcoin investments and Trading on an Internet-based trading platforms. Most Of The complaints falls into these Two categories:
      1. 🔘Refusal to credit customers accounts or reimburse funds to customers:
      These complaints typically involve customers who have deposited money into their trading or investment account and who are then encouraged by “brokers” over the telephone to deposit additional funds into the customer account. When customers later attempt to withdraw their original deposit or the return they have been promised, the trading platforms allegedly cancels customers’ withdrawal requests, refuse to credit their accounts, or ignore their telephone calls and emails.

      2. 🔘Manipulation of software to generate losing trades:
      These complaints alleged that the Internet-based Investment and trading platforms manipulate the trading software to distort the Trading prices and payouts in order to ensure that the trade results in a Loss. For example, when a customer’s trade is “winning,” the countdown to expiration is extended arbitrarily until the trade becomes a loss.

      ☑️ Most people have lost their hard earned money through Scam Investments And Trading, yet they would go and meet fake recovery Experts unknowingly to help them recover their money and they would end up losing more money in the process. Guys to be Truthful with you, It’s Only Cyber Security Specialists that are capable of recovering your Funds, and This Is Basically why we (COMPOSITE CYBER SECURITY SPECIALISTS) have come to y’all victim’s rescue. The clue is most of these Brokers have weak Database security, and their vulnerabilities can be exploited easily with the Help of our Special HackTools, Root HackTools And Technical Hacking Strategies because they wouldn’t wanna conduct Bug bounty Programs which would have helped strengthen and protect their Database from Unauthorized accesses, So all our specialists do is to hack into the Broker’s Database Using Technical Hacking Methods and Strategies, Decrypt your Transaction Details, Trace the Routes of your Deposited Funds, Then some Technical Hacking Algorithms & Execution follows then you have your money recovered💰 ✔️

      ☑️All our Specialists are well experienced in their various niches with Great Skills, Technical Hacking Strategies And Positive Online Reputations And Recommendations🔘
      They hail from a proven track record and have cracked even the toughest of barriers to intrude and capture all relevant data needed by our Clients.
      We have Digital Forensic Specialists, Certified Ethical Hackers, Software Engineers, Cyber Security Experts, Private investigators and more. Our Goal is to make your digital life secure, safe and hassle free by Linking you Up With these great Professionals such as JACK CABLE, ARNE SWINNEN, SEAN MELIA, DAWID CZAGAN, BEN SADEGHIPOUR And More. These Professionals are Well Reserved Professionals who are always ready to Handle your job with great energy and swift response so that your problems can be solved very quickly.

      ☑️ Also, If You Have NON-SPENDABLE BITCOINS And wish To Activate It To SPENDABLE, Don’t Hesitate to reach Out To Us

      ✅ COMPOSITE CYBER SECURITY SPECIALISTS are Basically the ANSWERS to your PRAYERS.

      📩CONTACT US TODAY:
      Email:
      composite.cybersecurity@protonmail.com


      ☑️ We Also Have a Separate Team that Provides-LEGIT HACKING SERVICES SUCH AS:
      ▪️ WEBSITE AND DATABASE HACKING 💻
      ▪️ CREDIT REPAIR. 💳
      ▪️ PHONE HACKING & CLONING 📱
      ▪️ SOCIAL MEDIA ACCOUNTS HACKING 📱
      ▪️LOCATION TRACKING 📌
      ▪️BITCOIN MINING ⛏ And More.


      📩CONTACT:
      Email:
      composite.cybersecurity@protonmail.com


      🔘2020 © composite cybersecurity specialists
      🔘Want faster service? Contact us!
      🔘All Rights Reserved ®️

      Delete
  2. i was browsing the web and stubbled across your post. great post! i love it and i notice that your link to ahref.com/blogkeyword-reseach.
    this article inspired me to write an even better articles , and by better i mean that i made it longer and i rhing it might make a good fit for your page
    Contact Us
    Address:
    Phone: +1 (903) 326-9722
    Email: kushkhali28@gmail.com

    The Best Online Marijuana Dispensary with Shipping Worldwide
    https://www.khaliplug420.com/about-us
    khaliplug420: Comes with farm to flame technology based cultivation, every strains and bud of khaliplug420 Dispensary consists of premium quality aroma, flavor, and consistency. We have shipping ports in the UK, US, Europe, and Australia. Order online at great prices.
    The Best Online Marijuana Dispensary with Shipping Worldwide
    https://www.khaliplug420.com/about-us
    khaliplug420: Comes with farm to flame technology based cultivation, every strains and bud of khaliplug420 Dispensary consists of premium quality aroma, flavor, and consistency. We have shipping ports in the UK, US, Europe, and Australia. Order online at great prices.

    Buy Medical Marijuana Online in USA
    https://www.khaliplug420.com/product-category/marijuana-edibles/
    khaliplug420: If you are looking for buy medical marijuana online in USA. Welcome to Khali plug 420. Here you get medical marijuana at affordable price. Buy medical marijuana online today with free shipping.

    CANNABIS OIL- Order Online CBD Oil Canada, US, UK, Europe, Aust
    https://www.khaliplug420.com/product-category/cannabis-oil/
    khaliplug420: Order premium quality Cannabis Oil, cbd oil cartridge, edible cannabis oil, lackberry kush, bubblegum, phoenix tears, sour diesel, super lemon haze.

    Natural Cannabis Seeds USA - Cross Pollination, Best Offspring
    https://www.khaliplug420.com/product-category/cannabis-seeds/
    khaliplug420: Wants to buy natural cannabis Seeds in USA. Visit once khaliplug420.com. Here you get best quality natural cannabis Seeds at best price.

    Dispensary Near Me Recreational - Get Sunrocks and Moonrocks
    https://www.khaliplug420.com/product/sunrocks/
    khaliplug420: Looking for trusted cannabis dispensary near me / you then visit khaliplug420 here you get best quality sunrocks and moonrocks: 60 - 80% THC, hash oil etc.


    Experience Eternal Pleasure with Organic Indica Cannabis Strains in the USA at Khali plug 420
    https://www.khaliplug420.com/product-category/buds/indica/
    khaliplug420: Experience Eternal Pleasure with Organic Indica Cannabis Strains in the USA at khaliplug420 dispensary provides online delivery of organically growth Indica Cannabis Strains usa at a competitive market price.

    ReplyDelete

  3. This article is a valuable resource for businesses looking to build a strong team or connect with clients. Visit us for online jos!

    ReplyDelete