Why Wall Street-Area Apartments Aren't Trading Like Blue Chips

The video discusses the exodus of financial jobs from certain areas, leading to neighborhood transformations. Initially, old buildings were converted into apartments, but new developments followed. Market dynamics shifted, with some areas experiencing oversupply. The video compares different neighborhoods, highlighting the varying amenities and real estate trends. It concludes with the notion that living in Manhattan has become more feasible for families, offering a more affordable option than in the past.

What was one of the initial responses by developers when financial firms started leaving Manhattan?

• Building new skyscrapers

• Converting old buildings into apartments

• Demolishing old structures

• Creating more office spaces

How has the job market shift affected the neighborhood's appeal?

• Made the area more attractive for tourists

• Changed the types of jobs available

• Decreased the number of available apartments

• Increased the number of local businesses

What is one major difference between Manhattan and Brooklyn mentioned in the video?

• Brooklyn has more financial firms

• Manhattan has more parks

• Brooklyn offers more local amenities

• Manhattan has lower rent prices

What trend is observed in some areas of Manhattan regarding apartment prices?

• Prices have decreased

• Prices have remained stable

• Prices have significantly increased

• Prices have fluctuated unpredictably

What positive change is noted for families considering living in Manhattan?

• More schools are being built

• Apartments are more affordable

• Crime rates have decreased

• Public transport has improved