Not even the 2008 Financial Crisis really hurt the NYC property market.

Did liquidity dry up somewhat ... yes. However, it was only for a year or two. Most people who can afford to own property in NYC don't have liquidity issues.

The one time property fell was near downtown during 9/11. I got a real good deal on a condo in TriBeCa. Then within a year or two, the property markets skyrocketed again.

Manhattan is an island. There's not much space to expand than up. Foreign money is always coming in. You can't judge Manhattan like the rest of the property market.

Co-ops are a bit different because of the legal hassle. Even then, it won't be difficult to sell.

(In response to this post by BocaHoo91)

Posted: 07/09/2020 at 3:17PM

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Manhattan Coop for sale -- Hoogle.com 07/09/2020 1:33PM

I'm sure they are going to sell their share of the co-op for nothing now. -- Blah 07/09/2020 2:35PM

Co-Op? Geez, I thought the poor suckers were living and, and selling, -- Late 80s Hokie 07/09/2020 3:24PM

I wouldn't want to be long commercial or residential property in Manhattan -- BocaHoo91 07/09/2020 2:50PM

Not even the 2008 Financial Crisis really hurt the NYC property market. -- Blah 07/09/2020 3:17PM

Don't get me wrong.... I'm not calling for the end of NYC as we know it or -- BocaHoo91 07/09/2020 3:59PM

A little bit, but there's always a new generation that wants to be ... -- Blah 07/09/2020 4:28PM

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