Not like different investments, actual property is dramatically affected by the situation of the instant area the place the property is positioned, hence the properly-known actual-property maxim, "location, location, location." Aside from a nationwide or international recession, real property values are affected primarily by local elements corresponding to the availability of jobs, crime charges, faculty quality and property taxes.

However the paper's connections to real estate go far deeper than that.

It can be canceled with out hurting anybody: not the folks in the outer boroughs who'll pay for it, however see little or no profit from it