Someday, You May Really Be Able to Live Here
Depending on how much faith you put into the wisdom of anyone trolling around fake-ivy Dartmouth, there may be brighter days on New York's otherwise disgusting real estate horizon. In a survey of 1,400 graduates of Dartmouth's Tuck School of Business, respondents said they'd rather invest in stocks than real estate because "housing prices aren't based on realities." (Hmm — that $2 million 1-bedroom in the West Village strikes us as very, very real.)
With 74% of those surveyed saying they'd avoid housing as a growth investment over the next five years, there could be a potential drop in demand and, in turn, prices. Which means that you might not have to move to Hoboken after all. Hell, you might be able to afford a place in Williamsburg!
