RERL-1740-Big City Rents Dropping… Are Big City Home Values Next?
From San Francisco to New York City, rents are drastically dropping across all the major US cities. For years you have heard us talking about building modular and prefabricated homes as ways to get the price per square foot down. More recently we have focused on the exodus of California and other high-income states (or the United States altogether) as home values, taxes and traffic have finally taken their tolls on fatigued residents. Joe Cucchaira and Jack Russo discuss if big city home values will soon follow and the possibly bigger concern of commercial rents.
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