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[deleted] t1_iz5bg44 wrote

Reply to comment by mowotlarx in NYC comptroller says Adams has ‘exacerbated’ widespread city worker vacancies by mowotlarx

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mowotlarx OP t1_iz5egkp wrote

And what if nobody moves in and pays the rent?

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movingtobay2019 t1_iz5j6gg wrote

Valuation is based on listed rent, not actual rent.

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Fuck_You_Downvote t1_iz5jt4r wrote

True. And property is valued based on cash flow. Paper cash flow or actual cash flow are the same. So in a spreadsheet somewhere someone said it is worth 100 a foot in rent, and was sold as such. And they guy who bought it says it is 110 a foot and got a loan based on that. If someone moves in under 110 the bank repossesses his building or it just sits vacant for 12 years. Which one will he do?

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