Amazon Brings Balance to 'Overbuilt' NYC, Thor Equities' Sitt Says

The video discusses the changing landscape of Manhattan's real estate market, highlighting historical trends, overbuilding, and the shift towards a technology-based economy. It examines the impact of new market entrants, the psychological effects on the market, and the competitive dynamics that influence salaries and market balance in New York City.

What concern is raised about the Manhattan real estate market in comparison to Seattle?

• Lack of available space

• Overheating of the market

• Decrease in housing prices

• Increase in industrial jobs

What was a significant consequence of New York's quick recovery from the Great Recession?

• A reduction in housing units

• A decrease in commercial space

• An overbuilding of real estate

• A shift to a finance-based economy

What major shift in the economy is discussed in the second section?

• From technology to finance

• From industrial to technology

• From finance to industrial

• From technology to industrial

How might new market entrants affect the competitive landscape in New York?

• By decreasing salaries

• By reducing competition

• By driving salaries higher

• By increasing job availability

What is a potential benefit for citizens due to the competitive pressures in New York?

• Lower housing prices

• More industrial jobs

• Less market competition

• Higher compensations