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In this episode, we discuss 5 ways the pandemic will impact NYC Metro real estate market.
1. The desire for indoor and outdoor personal space - Home office, home gym, etc.
2. Health reasons - Avoiding crowded hallways, elevators, and common areas
3. Work from home flexibility - More people have the option to work anywhere, without such heavy consideration given to commute time
4. Mortgage rates are at or near historic lows, meaning buying can be cheaper than renting
5. Polls show 40% of people are considering leaving cities (Should you flee your city? Almost 40% have considered it during the pandemic - The Harris Poll)
Thanks so much for listening!
Yours truly,
Max Vishnev
Host & podcast creator
Full-time NJ Realtor with Compass RE | Long-time NYC renter turned NJ house-hacker & landlord | Catskills property owner | Happy husband | Proud father of two | Avid reader & coffee drinker | Lifelong learner
Check out my real estate articles on BiggerPockets
Let's connect on LinkedIn | Instagram | YouTube
Intro and Outro music (excerpted) copyright:
Feelin Good by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3744-feelin-good
License: http://creativecommons.org/licenses/by/4.0/
In this episode, we discuss 5 ways the pandemic will impact NYC Metro real estate market.
1. The desire for indoor and outdoor personal space - Home office, home gym, etc.
2. Health reasons - Avoiding crowded hallways, elevators, and common areas
3. Work from home flexibility - More people have the option to work anywhere, without such heavy consideration given to commute time
4. Mortgage rates are at or near historic lows, meaning buying can be cheaper than renting
5. Polls show 40% of people are considering leaving cities (Should you flee your city? Almost 40% have considered it during the pandemic - The Harris Poll)
Thanks so much for listening!
Yours truly,
Max Vishnev
Host & podcast creator
Full-time NJ Realtor with Compass RE | Long-time NYC renter turned NJ house-hacker & landlord | Catskills property owner | Happy husband | Proud father of two | Avid reader & coffee drinker | Lifelong learner
Check out my real estate articles on BiggerPockets
Let's connect on LinkedIn | Instagram | YouTube
Intro and Outro music (excerpted) copyright:
Feelin Good by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3744-feelin-good
License: http://creativecommons.org/licenses/by/4.0/