John Old has reminded himself once before that it is also Seattle. As the diamond-grade market for American real estate, Seattle has always been a symbol of the strong US housing market. Similarly, once Seattle collapses, other cities will be not far from collapse.

If Yang Cheng remembers correctly, the last time Seattle fell by only 11%, and now it is 13%. So, Seattle's housing prices have been falling in the past two years, and the decline has grown rapidly.

Old John said, "However, due to the rapid population growth and limited supply of houses for sale, Seattle has always been ahead of the United States. Even if it falls now, it still ranks among the top in the United States."

Yang Cheng nodded, to put it bluntly, the lean camel is bigger than a horse.

"In addition, in addition to Seattle, although housing prices in New York have not seen negative growth, the growth rate has begun to slow down significantly, and the slowdown is even higher than in the United States: housing prices in New York City and its surrounding 12 counties increased by only 4% in the third quarter of last year, while during the same period, housing prices across the United States rose by 4.8% year-on-year.

The growth rate of housing prices in the New York subway area has slowed particularly heavily."

Yang Cheng was stunned, "What is the reason? Seattle and New York are exceptions?"

Old John pondered, “I read Bloomberg’s news a while ago, and they analyzed that the sharp slowdown in housing prices in New York has a lot to do with federal tax reform.

After the federal tax reform was introduced at the end of last year, the new tax reform limited the deduction amount of property in New York to $10,000; in addition, only mortgage interest rates for first-time loans below $750,000 can be deducted - this makes the New York state housing market perform worse than the United States.

In addition, nine of the 10 counties with the heaviest residential property tax burden in the United States are located in New York, New Jersey and Connecticut.

Looking across the United States, the growth rate of residential prices has also generally slowed down, and rising mortgage interest rates have put pressure on home purchase ability; the growth rate of housing prices has exceeded the growth rate of rent and wages; changes in tax laws have led to less tax benefits for holding home ownership compared to renting a house.

These reasons will lead to the end of the price surge in the US real estate market after 2012, and will enter a low growth zone in the second half of this year, which will be the next new normal. However, given that the current inventory in the real estate market is not high, the risk of collapse should not be high."

Yang Cheng nodded, "It seems that it is necessary to find a buyer~"

Old John smiled, "I think so too. Although the growth rate has slowed down, there is still a profit. I believe many people are still willing to believe in the New York housing market."

Yang Cheng nodded heavily, "Okay, then let's do it this way. I'll tell my dad about it and let him release a batch of buildings."

After talking about this, Old John went to work hard. Yang Cheng said that he had to prepare ingredients for Chinese food tonight, after all, there were guests coming to the door.

...

At night, New York was much colder than Los Angeles, the temperature was close to freezing point, and strong winds blew outside.

However, the room is still as warm as spring. Because of the arrival of Lin Ximan, the Yang family rarely became lively. In front of Yang Cheng, she was full of heroism and a cold goddess, but in the eyes of her elders, she was a lively and interesting girl.

Look at her making the old couple funny jokes openly. Poor Luo Yue, a few embarrassing things she had never done during college were told by Lin Ximan as a joke.

Fortunately, it is not an important secret, and it is harmless to say it. It also allows the Yang couple to realize the other side of their daughter-in-law - stupid!

After dinner, Yang Sen and Liu Yun took the pretext of being tired and took the lead in going back to the house to rest, leaving the space for them to the young people.

However, there is nothing else to do when staying at home except drinking and chatting. Luo Yue suddenly had a whim, "Why don't we go shopping?"

New York is a city that never sleeps. Recently, New York's new mayor Bill de Blasio is still vigorously advocating the night economy. This is one of his efforts to fulfill his promises during the competition. He believes that although New York under Bloomberg's rule is stable and peaceful, the gap between the rich and the poor is gradually widening, and New York is about to realize the "Two Cities Story".

And he will change this situation. It is his promise that has won the votes of the lower-level New Yorkers, otherwise it would be difficult for him to snatch New York from the Elephant Party.

Regardless of whether his move was for his own ZZ path, it is an indisputable fact that New York's nightlife consumption is growing rapidly. Given a period of time, it may become a larger and more extensive nightlife market in the future.

Bars, catering, performance venues, arts and culture and sports leisure, these five major sectors form the nightlife market in New York, and can generate about $29 billion in economic income, 250,000 jobs and $11 billion in salary each year.

In comparison, the development speed of the New York nightlife economy is even higher than the national economic growth rate: the employment growth rate of the nightlife economy is 5%, which is higher than the national 3% growth rate. At the same time, the 8% salary growth rate is also higher than the national 4% level.

The people in New York were indeed benefited by such initiatives.

So, when Yang Cheng and the other two took to the streets, they saw more and more people. Even the bustling Fifth Avenue no longer seemed cold and mysterious, and they were a bit down-to-earth.

Of course, most people still walk slowly by those luxury-decorated brand stores, and very few actually enter.

Luo Yue and Lin Ximan have no such estimates. Even without Yang Cheng, their best friends can occasionally consume luxury goods. Of course, it is definitely impossible to buy luxury goods like Yang Cheng.

In fact, there is really no such thing as luxury goods in Yang Cheng's eyes. In his opinion, it is just a normal consumption.

I went to a large supermarket with some people to buy groceries, while others went to a wholesale market. I chose the destination based on my financial ability. There is really no need to magnify it infinitely.

He can enjoy better service and better products when spending here. As for the little more money, it is really nothing.

Although Luo Yue's family background is good, it is not enough to make her live a luxurious life. In fact, under the education of her parents, she does not have the genes of luxury in her blood.

That is, after following Yang Cheng, money became a number, which made her life richer. It was not because she took the initiative, but because Yang Cheng developed a habit.

In the past, I had to look at the price of a bag, but now I only care about whether I can buy it. The price has never been a problem.

"How do you think of this?" Luo Yue picked up a Dior lady bag and asked Lin Ximan about his opinion.

The shopping guide turned a blind eye to Luo Yue's slightly rude behavior. For those who can't afford it, these exhibits are not touched because you can't afford it if it is broken.

But didn’t you see who was standing behind these two girls? That’s the top 100 billionaire among all luxury goods stores in New York, the face that the guide had to remember on the first day of his job. He was still worried that he would be able to compensate if he broke it?
Chapter completed!