Engoron fallout: billionaire real-estate investor asks: Why invest in NYC when 1) You can’t collect rents, 2) Property taxes fund illegals, 3) You could be fined for placing a value on your property?

Posted by bubah1mau 7 months, 3 weeks ago to Business
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Cardone: “(Engoron) will sell more Florida real estate than all other real-estate agents, brokers combined. … Overreach will cost NYC immeasurable revenue that will take decades to reverse.”
SOURCE URL: https://www.zerohedge.com/markets/cre-investor-4bln-portfolio-tells-team-stop-all-nyc-real-estate-underwriting


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  • Posted by $ BobCat 7 months, 3 weeks ago
    Yep, the writting is on the wall... I'm looking forward to watching more businesses and $$$ opportunities abandon these leftist/ statist/communist ruled hell holes.
    The producers are starting to Shrug!
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  • Posted by mhubb 7 months, 3 weeks ago
    no sane person / business will remain in NYC / State

    if the GOP takes both the Senate and the House, upper NY State should push to separate from NYC, as should other Conservative place, such as North California from south (not cap on purpose). i believe the process takes Federal approval
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