Louis Rossman explains why banks prefer to keep NYC empty than rent spaces at a lower rent (they are forced to lower the value of the property if it is let at a reduced price) - Kotaku In Action 2 - The Official Gamergate Forum

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Louis Rossman explains why banks prefer to keep NYC empty than rent spaces at a lower rent (they are forced to lower the value of the property if it is let at a reduced price) (www.youtube.com)

posted 3 years ago by CardboardFan 3 years ago by CardboardFan +40 / -0

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– TerpenoidTester 12 points 3 years ago +12 / -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.

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▲ 6 ▼

– AlfredicEnglishRules 6 points 3 years ago +6 / -0

As is Seattle. All those new buildings are Chinese investors.

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▲ 5 ▼

– realerfunction 5 points 3 years ago +5 / -0

i don't understand why foreigners are allowed to own real estate.

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