Fuck_You_Downvote t1_iz5jt4r wrote
Reply to comment by movingtobay2019 in NYC comptroller says Adams has ‘exacerbated’ widespread city worker vacancies by mowotlarx
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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