But you can only sell if someone is buying, and the moment you list that huge skyscraper on the market and find out that the only offers you’re getting are 1/10 the asking price, suddenly the other massive commercial buildings you have on your balance sheets (and those of all your rich buddies) suddenly drop 90% in value, and it’s revealed the emperor has no clothes
finitebanjo@lemmy.world 4 weeks ago
It would take some renovation but I imagine buying even just a couple of floors of space for apartments in the middle of NYC could be extremely desirable.