The Risks of Inflation on New York City Real Estate

The video discusses the New York real estate market, highlighting its shift from a buyers to a sellers market post-pandemic. It addresses the impact of inflation and interest rates on real estate prices, noting that while inflation is a concern, it is manageable. The discussion also covers fiscal policies and their potential effects on the tri-state area, emphasizing the need for balanced tax policies to retain wealthy residents.

What was the unexpected trend in the New York City real estate market in 2021?

• The market froze completely.

• Prices decreased significantly.

• It shifted to a seller's market.

• It remained a buyer's market.

What is one of the main concerns for New York City residents regarding the real estate market?

• High inflation rates

• Lack of affordable housing

• Rising crime rates

• Decreasing property values

How might rising mortgage rates affect the real estate market?

• They will have no impact.

• They will cause a market freeze.

• They will slow down the pace of price increases.

• They will lead to a buyer's market.

What is a potential fiscal policy change discussed in the transcript?

• Introducing a new housing subsidy

• Decreasing property taxes

• Increasing the SALT cap

• Eliminating income tax

Why is it important to retain wealthy residents in New York City?

• To maintain economic stability

• To reduce crime rates

• To increase tourism

• To boost the stock market