Will oil prices keep NYC RE stable?

newaccount, that analysis has merit- however, you needs jobs in nyc for the analysis to work. if there is a net loss of jobs, there would be an offset.

newaccount- Sounds great in theory, however demand would not even being effected. It would be like a fly landing on an elephant, would never know he was there.

newaccount, you make a good point. You may also want to consider what impact these issues will have in the decision to move OUT of the city. Larger homes, long commutes, and driving to the super market aren’t as attractive to families as they once were. To dco's point, you can't put a number on it, but you can put a number on most of the doom and gloom espoused on this board either. It doesn’t make your point any less relevant.

"but you can put a number on most" should be "but you can't put a number on most"

So if a significant percentage of people over the near and long-term decide to move into cities, stay in cities, and live closer to their jobs than had before, according to dco this will have no effect on demand for housing in NYC. Genius.

Oil is on the way down and once gas is below $4 a gallon, people will go back to their old ways.

dco- Are you saying that oil prices have had no impact on our behavior?

alpine- Oil may go below $4, but will it go back to $2 ? Will the dollar get its value back?