From the October issue: It’s sometimes surprising how little we write about the American heartland here at The Real Deal, and how little impact the rest of the country seems to have on the New York real estate market.
We are 99 times more likely to write a news story that involves China rather than Cleveland, or to cover a deal having to do with Israel instead of Ithaca.
I guess it’s called flyover country for a reason. For better or worse, these areas seem to be fading into the economic background as information and people move around the globe faster and the distance between “world cities” decreases. (The heartland might, however, not go gently into that good night. I’ll circle back to that momentarily.) [more]