New York City landlord to sell office building at roughly 67% discount
#1

https://www.straitstimes.com/business/ne...e%20matter.
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#2

Imagine thus is haopeningbqhen ec9nomy is considered strong and unemployment rate is very low

If recession hits, how low is this going to go?

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#3

Buyers can buy at lower prices, isn't that good?

Like stocks, sometimes you got to cut loss too. And you're lucky to find buyers after cutting loss
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#4

Everything has its ups and downs. 
It's descending for US. 
Too much engagement in warfare. 
Dragon is in the sky. 
It's China's time to rise. 
Hope EU makes the right decision with their EU car tax. 
May boomerang. Germany will be the hardest hit.
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#5

American banks are finished.

https://youtu.be/gGdHM1bSIb0?si=EVMkLJd4hZTSfP78
[+] 1 user Likes Alice Alicia's post
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#6

If you have a spare $50m to 100m and a mid-term view, buying these offices at distressed prices is not a bad idea.
[+] 1 user Likes starbugs's post
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#7

When prices go up, some ppl kpkb. When prices go down, the same grp of ppl kpkb.
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#8

(13-06-2024, 03:12 PM)starbugs Wrote:  If you have a spare $50m to 100m and a mid-term view, buying these offices at distressed prices is not a bad idea.

May not be as I doubt the WFH trend is going to reverse, at least not in the mid-term. And restructuring these buildings into residences is very expensive.
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