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Super Rich, Super Tall, Super Correction

Q: My partner and I live in a rental in Astoria, Queens, that we love โค๏ธ. It has great light ๐Ÿ”ฆ, a nice layout and is close to the train ๐ŸšŠ. We plan to stay here for at least a few years. We want to make the space feel like our own and less like a generic rental, but we also want to be mindful of the lease ๐Ÿ“, making improvements ๐Ÿ‘ทโ€โ™‚๏ธ that are easily reversible ๐Ÿ”™ when we move ๐Ÿš›. What are our options?

When economic data goes parabolic โคต๏ธโคด๏ธ there is usually a story ๐Ÿ“— behind it.

Housing data ๐Ÿ”ข tends to be very sticky ๐Ÿฏ, so when housing numbers first fell โฌ and then went parabolic in 2020, we were witnessing ๐Ÿ‘€ one of the most extraordinary swings in data ever recorded ๐Ÿ“น in human history.

The nearly 1,400-foot tower ๐Ÿฐ at 432 Park Avenue, briefly the tallest residential building in the world ๐ŸŒ, was the pinnacle of New Yorkโ€™s ๐Ÿ—ฝ luxury condo boom ๐Ÿ’ฃ half a decade ago, fueled largely by foreign buyers ๐Ÿ‡จ๐Ÿ‡ณ seeking discretion ๐Ÿ˜ถ and big returns.

Hello? I would like to speak to the manager of the pandemic โ˜ฃ๏ธ please. I was promised cheap real estate ๐Ÿš, goddammit. I was told Covid ๐Ÿฆ  had killed โ˜ ๏ธ cities and nobody wanted to live in them anymore. I was told urban property ๐ŸŒƒ prices would plummet ๐Ÿ“‰. Well, it sure seems like someone forgot ๐Ÿคจ to tell house prices ๐Ÿ’ธ. Last time I checked โ€“ and I check โœ… multiple times a day โ€“ major cities are still majorly unaffordable ๐Ÿฅบ.



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