So, like Detroit, the city will empty of every civilized human, leaving nothing but the feral humans lurking in the dark, while the wildlife discover the adage "one species' junk becomes another species' natural resource". Sounds like a plan.
Part of me thinks that would be perfect justice for that city.
The other part of me knows that if New Yorkers aren't living in NYC, that means they're living somewhere else; and voting for that somewhere else to be NYC 2.0.
They do a similar thing in Residential Real Estate when buildings offer "X months free" or "Waived Security Deposit" or offer some sort of free gift as a signing bonus. It lets them keep the advertised rent high which is good for the same reasons as in the video, and in some cases these adjustments are treated differently for accounting purposes (eg. they might be treated as a marketing expense).
There's another option, they can have a house with so many extra fees it eventually seems impossible. So, most folks cut their losses, and the company keeps the cash. Then they do it for each apart three or four times a week.
I've seen it happen in Orlando, I wouldn't be shocked if it happened somewhere else.
yup. properties are used as collateral in investments. you can't find nobody to rent that store for 100K year? want to try 50K year?
but that lowers the value of the propriety! first, you ask for the written permission of everyone involved in the lot. then after you successfully make 50 people and 7 banks agree with you, you may proceed.
So, like Detroit, the city will empty of every civilized human, leaving nothing but the feral humans lurking in the dark, while the wildlife discover the adage "one species' junk becomes another species' natural resource". Sounds like a plan.
If we try hard enough, we can make Escape from New York a reality in our lifetime.
All that's really left is the wall and the destruction of the bridges.
Call me Snake.
Part of me thinks that would be perfect justice for that city.
The other part of me knows that if New Yorkers aren't living in NYC, that means they're living somewhere else; and voting for that somewhere else to be NYC 2.0.
NYCs dirty secret is foreign investment owns half the city.
They've been selling to Russia and China for years, and they don't want to build anything on the properties just hold them as investments.
As is Seattle. All those new buildings are Chinese investors.
i don't understand why foreigners are allowed to own real estate.
It's all fraud. Louis is either going to bust it open, or someone will have him assassinated for talking to loudly.
They do a similar thing in Residential Real Estate when buildings offer "X months free" or "Waived Security Deposit" or offer some sort of free gift as a signing bonus. It lets them keep the advertised rent high which is good for the same reasons as in the video, and in some cases these adjustments are treated differently for accounting purposes (eg. they might be treated as a marketing expense).
There's another option, they can have a house with so many extra fees it eventually seems impossible. So, most folks cut their losses, and the company keeps the cash. Then they do it for each apart three or four times a week.
I've seen it happen in Orlando, I wouldn't be shocked if it happened somewhere else.
yup. properties are used as collateral in investments. you can't find nobody to rent that store for 100K year? want to try 50K year? but that lowers the value of the propriety! first, you ask for the written permission of everyone involved in the lot. then after you successfully make 50 people and 7 banks agree with you, you may proceed.
Commercial Mortgage Backed Securites, amirite?