[proxy_user]

But since this is New York, someone will occupy these condos, whether buyers or renters. There is a market-clearing price, and it is still not low. Many people who would like to live in NY have been priced out.

[JasonC]

Sell your New York property now, and buy 10 in the southwest. Live in one, rent out the others for now, and sell them gradually 5-10 years from now, and put the proceeds in portfolio investment. You will never need to work again. Or rub elbows with a sneering NY liberal, come to that.