Felix Learns What A Condo Is
Slate Money
00:00
What Is the Obvious Answer?
If more rich people move into your neighborhood and they're more luxury in aggregate, everything is more expensive. Even the inventory that is less desirable becomes more desirable. It has always been peculiar to me the way for zoning reasons, all of these ultra luxury towers went up on 57th Street. That was not seen as an uber luxury location.
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