Why did the high end real estate market in Manhattan, New York City, USA take a hit?

<>The first is the cause of the pandemic。This year's epidemic is very serious, especially in the United States, because of the lack of corresponding measures, many people in the United States have been infected with the new coronavirus, and even more than 190,000 people have died, which is already the highest number of deaths since World War II. In this case, many people do not have the energy to buy a house, let alone devote themselves to the army of property speculation.

As a result, high-end housing prices in New York have declined, even dramatically.

The second is that many people's funds are used for medical or physical care, resulting in the lack of purchasing power of luxury homes. In the case of the epidemic, many people will not invest a lot of money in real estate, but in research and development or medical care, especially the rich, pay more attention to their own health, rather than the real estate industry, so many luxury houses cannot be sold.

The third is the wait-and-see mentality of many people。During the epidemic period, many people's lives do not know when they will disappear, so during the epidemic, more people are willing to look at the future trend, although the price of luxury homes has been reduced a lot, what if the price is reduced again? If you can, just hold the currency and wait and see, which leads to the ** rate of luxury houses is not high.

The fourth is that some people don't like to buy a house。The Chinese concept is to live and work in peace and contentment, and after having a house, you can start a business and develop better. For many Westerners, buying a house has nothing to do with life, they like to live freely and will not be burdened by the house.

They are willing to rent luxury homes and can make the most of their money.

In the current situation, there is a lot of instability in the economic development of the United States, and in this case, the high-end real estate market in Manhattan will definitely be affected, especially at the moment, of course, there are also people who like to buy luxury homes to show their financial strength. But pragmatism is prevalent in many people in the United States, and under the conditions of the epidemic, few people take the initiative to buy luxury homes, what do you think of the high-end real estate market in Manhattan?

New York has been in the eye of a hurricane on both issues due to the ongoing pandemic and domestic political turmoil in the United States. A group of high-net-worth individuals in New York are moving out of New York to other cities in the United States for these reasons, resulting in a gradual decline in the potential customer base of these high-end properties, bringing in total sales and ** **. As the world's largest metropolis, New York has suffered a massive brain drain in the short term, but in the long run, if the economic and political environment improves, it will still attract more new high-net-worth individuals to come here.

Therefore, investing in New York luxury properties in the short term needs to be cautious. The destination of these high-net-worth individuals who left New York - the second and third tier cities around New York is likely to bring a surge in housing sales in the short term and long-term housing price appreciation.

With the continuous deterioration of the epidemic in the United States, large cities such as New York have become hard-hit areas, especially the most intensive areas have become high-incidence areas, so that the real estate market has also become a place for everyone to flee.

Because of the impact of the epidemic, many people can no longer afford to buy a house, so this is the case.

A lot of people go to New York.

When buying a second-hand house, you will first consider Manhattan there, in fact, the housing price in Manhattan, New York has been seriously inflated, which is not suitable for people to buy and invest in second-hand houses in New York, and it is most suitable to choose Brooklyn.

New York second-hand housing choice Brooklyn is the most suitable, Brooklyn is also the most important of the five districts of New York City, the real estate in this area is lower than Manhattan, and it is very cost-effective, convenient transportation and superior educational resources, if people buy a condominium in Brooklyn, that is, a group of several units of second-hand housing, their price is more than 650,000 US dollars, and the same room type, Manhattan needs more than 1.2 million US dollars to buy, and ** is still unavoidable. Brooklyn is the most convenient place to buy New York real estate, Brooklyn is the most convenient place in New York, it not only has a low cost of living, but also can enter the center of Manhattan in the shortest time, and the urban environment of Brooklyn is very elegant, it is a place where people feel particularly comfortable to live in, and there are more ** in this area, so that people have a larger choice when buying a house, and the probability of buying a house is relatively large.

Brooklyn is the most suitable choice for second-hand housing in New York, but also because of the abundant educational resources in the area. When buying a second-hand house in New York, many people will focus on my school district, and when buying a second-hand house in Brooklyn, you don't have to worry about this kind of problem, because Brooklyn has a number of public middle schools and elementary schools that can satisfy people, as well as a very famous key high school in the United States.