Sergey Brin accepts 6 cents on the dollar for real estate to leave NYC
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Date: July 1st, 2026 11:03 AM Author: Soul-stirring school
NYC has a multifamily rent freeze city wide, but expenses go up 10-20% / year
So owners stop spending money in maintenance on the properties
Properties turn to shit
Followed by habitability lawsuits
No win situation, so better to exit
(http://www.autoadmit.com/thread.php?thread_id=5878930&forum_id=2/en-en#49973427) |
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