Is NYC real estate dead? This CEO says its future is still bright

Robert Reffkin, founder and CEO of Compass, is still bullish on New York City real estate despite the economic setbacks caused by the pandemic. Here's why he thinks the future is bright for the Big Apple.
This interview is from our show "Markets Now". Watch the live digital show every Wednesday 12:45 p.m. to 1 p.m. ET., and get the latest news on the most important investing stories of the day as they happen: cnn.it/2ygGXfO
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[@eastside313yahdig.2]

Nobody paying 3k for a roach motel.

[@RyanAnthonyDigitalMedia]

Come to Miami

[@financialfitness4148]

I completely agree! The business will come back but COVID has completely changed life as we know it

[@Makiaveli01]

“New Normal”

[@michael2275]

What a donk. Remote work can easily take 25% off NYC RE prices over next couple years

[@angelahamlett8249]

Where is Mayor Koch? He knew how to run a city. May he R.I.P.. We had major, major snow storms. The busses, subways and The Jackie Robinson Parkway was running all night long. We use to go to the disco I mean the club, lol... in heels and everything was jam packed. Some of my best memories. It was jobs, jobs, jobs. What is De Blasio doing? He looks like he's home smoking bud! I'm not joking. He's not doing anything for NYC!!! I'm sure if your income is $100,000.00 and over, you will enjoy what use to be a melting pot.

[@drmode]

$100k is nothing in NYC. You need $250k minimum or have rent controlled/stabilized apartment

[@NoteFromSELF]

Koch's was mayor when I moved to NYC when I was 19. I loved that he wanted pets to be counted as family.

[@rafavaliente741]

next 3 years are going to be very slow for real estate

[@bakerstreet101]

What a surprise, an optimistic real estate guy. The skies are always sunny for real estate people.

[@jellybeanz1989]

eventually it might slowly rise again, but it will take 3 years minimum

[@folk.]

Putting his propaganda where his mouth is - the guy

[@ned272]

This guy 😂