I heard they're opening a big casino in Time Square. Maybe that's the answer to the questions we've had about the fate of commercial real estate.

Undisciplined

NYCB bank is filled with loans on NYC rent controlled apartment buildings. Mnuchin's 1 billion doesn't come close to resolving the issue. Many more banks will deal with this. At the same time, office vacancies are growing. NYC is in real trouble.

econ

The Folly of Rent Control in New York City (Again) | Mises Institute

NYCB bank is filled with loans on NYC rent controlled apartment buildings. Mnuchin's 1 billion doesn't come close to resolving the issue. Many more banks will deal with this. At the same time, office vacancies are growing. NYC is in real trouble. 