What factors contributed to the overheating of the Manhattan real estate market?
Amazon Brings Balance to 'Overbuilt' NYC, Thor Equities' Sitt Says
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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.
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
How did the Great Recession impact the recovery of New York's real estate market?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What changes in the economy are mentioned that affected the real estate market?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the implications of the influx of technology companies on New York's job market.
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5.
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3 mins • 1 pt
What are the potential effects of competitive pressure on salaries in New York City?
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