Urban Doom Loop
Arpit discusses the potential 40-50% devaluation of NYC office real estate, leading to financial doom loop risks for banks and urban doom loop effects on city budgets. The impact of remote work on office vacancies and property values could trigger a cycle of tax hikes, service cuts, and population loss, challenging policymakers to respond effectively.In this clip
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Odd Lots
Why the CRE Urban Doom Loop May Still Be Coming
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