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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– Decrixxx 2 points 3 years ago +2 / -0

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.

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– redman012 1 point 3 years ago +1 / -0

Commercial Mortgage Backed Securites, amirite?

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