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 were the two phases that occurred after financial firms started moving out?

How did the nature of the neighborhood change in terms of jobs?

What is the current situation regarding the median rent and days on the market for apartments?

What amenities are more prevalent in Brooklyn compared to certain areas of Manhattan?

How has the perception of living in Manhattan changed over the years?