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virtual_adam t1_irynr04 wrote

First of all, tax income is at an all time high

That little thing about high rents pretty much contradicts everything else you’ve said. When things really do get bad, when people feel unsafe, they don’t outbid each other and line up in front of open houses to pay some loser agent a 15% fee

This city is packed more than ever with rich assholes making 40x $4000, $5000, $6000. They wouldn’t be here if it wasn’t the best city in the world

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Due_Masterpiece_3601 OP t1_iryohjn wrote

Mmm rents are residential and commercial is a different story. The tax revenue is high at the moment, but I'm wondering about the future of commercial once leases are up. It seems to me the decline won't be immediate, but gradual as commercial tenants drop out of lease renewals. As far as residential goes, I am kind of with you on that one.

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