Manhattan real estate seems to be on the verge of a bottom, if not already there. Â Sure, you can point to economic data, jobs reports, the S&P rally, inflation expectations, and disappearing landlord concessions. Â These are all valid supporting points. Â The real giveaway is the return of gratuitous broker gatherings, signaling a return of another gilded age. Â Today we received an invitation to New York City’s first annual “Broker Poker Tourney!”
For an event with only 48 players, I’m surprised we made it to the guest list! Â Either they’ve heard a thing or two about the founders of RentHop, or we have done very will in our undercover infiltration of the apartment rental market.
