Quote:
Originally Posted by SebC
Proximity to Manhattan is what makes Brooklyn expensive, not the other way around. If Brooklyn fell into the Hudson, Manhattan property values would go up... less supply of an inferior substitute.
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But would then then less people would be able to afford to live close enough to work to make it worthwhile, causing a potential labour shortage for the area, and in the long term causing downward pressure on property values?
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Last edited by Rathji; 04-27-2012 at 06:50 AM.
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