NYC Real Estate is Absurd Get Rich Education

New York City real estate has distinctions and quirks that you’ll find almost nowhere else in the world.
Is it unreal estate?
This includes: super skyscrapers, air rights, apartments with doormen, co-ops, pencil buildings, and rent control.
Can you actually make money in NYC real estate?
Incredibly, the national or world capital of all these are in NYC: banking, finance, communication, advertising, law, accountancy, fashion, arts, architecture, media, and more.
1 in 18 Americans live in the NYC metro area. The population is growing. 
Guest Beth Clifford joins us. 
She has an impressive set of experiences, including on Wall Street, with startups, and as an international real estate developer. Beth is a former NYC resident.
Beth describes: how “air rights” are really development rights, pencil buildings, which apartments have doormen, and more.
There’s a short-term rental arbitrage strategy in NYC where you could make money. But is it legal? 
Join Thursday, Feb. 23rd’s GRE Live Event for Philadelphia, Pittsburgh and Baltimore properties. Ask me questions live. It’s free. Register now at: GREwebinars.com.
Resources mentioned:
Show Notes:
www.GetRichEducation.com/437
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE 
or e-mail: info@RidgeLendingGroup.com
Memphis property that cash flows from Day 1:
www.MidSouthHomeBuyers.com
Find cash-flowing Jacksonville property at:
www.JWBrealestate.com/GRE
Book recommendation:
Economics in One Lesson
Find NYC apartments:
StreetEasy.com
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GREmarketplace.com
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Welcome to GRE! I’m your host, Keith Weinhold. New York City real estate is just absurd. It’s also really interesting and has distinctions and quirks that you’ll find almost nowhere else in the world. 
 
We’re talking about air rights, skyscrapers, apartments with doormen, co-ops, rent control, and how do you actually make money in NYC real estate? Today, on Get Rich Education.
 
Welcome to GRE! From Jamaica, Queens to Lower Manhattan. Across New York City and 188 world nations, this is Get Rich Education. I’m your host, Keith Weinhold.
 
As we’re talking about NYC real estate today, I think it can be regarded as exotic and Manhattan is the CENTER of American urban excitement from Times Square to the Statue of Liberty to the address “One World Trade Center” and more. 
 
It wasn’t always this way.
 
As the story goes, in 1626 - about 400 years ago - Indigenous inhabitants sold off the entire island of Manhattan to the Dutch for a tiny sum: just $24 worth of beads and "trinkets."
 
At that time, it wasn’t known as New York. It was called “New Amsterdam”. 
 
Today, NYC is the national or the WORLD capital of: banking, finance, communication, advertising, law, accountancy, fashion, arts, architecture, media, and more.
 
How could so much be in one place? Well, all this attracts a lot of people.
 
In fact, the NYC metro area population last year was almost 19 million, that’s up just about one-quarter of 1% from the previous year. So COVID hasn’t killed it.
 
This means that more than 1 in 18 Americans live in the NYC Metro.
 
Now, of the 5 boroughs, we’re really focusing on Manhattan today, since that’s where space is at a premium, hence that’s why the tall skyscrapers are there.
 
In fact, I have counted 17 skyscrapers that are all more than 1,000 feet tall - that’s almost one-fifth of a mile tall.
 
Now, Manhattan is crammed with such high density - and it isn’t just commercial space. Of cou