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Will Mayor-elect Bill de Blasio kill NYC real estate?

…”If people are leaving the city in droves, it must be the next shift,” said Jonathan Miller CEO of Miller Samuels….

…Miller also pointed to huge new residential development, not just in Manhattan but across the five boroughs. There is clearly no investor concern about any exodus. If people are leaving the city, Miller said, it is because Manhattan is getting more and more expensive. International investors have fueled the high-end housing market and that wealth is trickling down even to mid-range properties….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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