NY/CA Real Estate and Covid

TED
wdsk04

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wdsk04
Aug 30, 2020 3 Comments

Anyone have thoughts/theories on what will happen to the housing markets in both the suburbs of NY and the bay area, post covid? What do you think things will look like in 6 months, 1 year, 5 years..?
Is now a terrible time to buy a house?

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  • Carvana
    seriousRBF

    Go to company page Carvana

    seriousRBF
    Buy. It’s goin a keep going up. But market is super competitive right now.

    NY suburbs are gonna be bursting for a decade, esp anything on commuter rail which is way better than SF options. Manhattan apartments have record level vacancies. People who were in it for the worst are looking for lower density.

    My guess is NY culture with have more people back to work in the office eventually and SF will be more flex. SF city living is way less dense than NYC and the Rona is more of a rollercoaster than a dead drop like NY so less fear. People will be more willing to take on commutes expecting 2days in office or whatever and use the shuttle. So more disperse then NY, I think half moon bay and Santa Cruz or Marin where NYC is going Hoboken and Nassau county but not to Montauk and Westchester.
    Aug 30, 2020 0
  • New
    brbrycoast

    New

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     brbrycoast
    For CA, do not buy if you’re looking at it from an investment perspective. Period. It’s going to tank and won’t rebound for a long time.
    Aug 30, 2020 0
  • Google
    yoyoma6

    Go to company page Google

    yoyoma6
    all trends point to brooklyn, queens, and even Manhattan prices going up significantly for places that have good outdoor space, and reasonable square footage. Manhattan apartments that are extremely overpriced because of great location is what will struggle in the next 2-3 years.
    Aug 31, 2020 0