Just saw this blurb on a case I've been passively keeping an eye on for a few years. Could have a very chilling effect on the condo market in NYC. I mean, after we absorb the 50 (roughly) years of unsold shadow inventory still on the market.
For one, I think it's a positive thing and should have long-term positive impacts on the City. Crap developers are the biggest contributors to the fuel on the speculative fires that power real estate bubbles in this city, and if it's harder for them to raise dumb money so they can build a building despite having no experience and no business plan (which will obviously result in a shit product, for which corners were cut), all the better
Agreed re: crap developers making situations worse. For every beautifully-executed project there seem to be a dozen shameful ones, especially in emerging neighbourhoods.
.
You're a fucking moron
Illum reiciendis vero esse aut. Aliquid repudiandae ut alias et et incidunt. Similique fugiat quia maxime in non minus tenetur. Omnis dolore dolore possimus id consectetur. Numquam voluptatem qui unde aspernatur expedita minima.
Occaecati sunt culpa ea numquam. Officiis eum accusantium reiciendis quo dignissimos nihil.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...