New York City Recovery
It is fashionable to debate the fate of New York City these days with the left edge of the argument being it is doomed and the right edge the constant refrain that New Yawkers have GRIT.
New York Post writer James Altucher opines that “New York City is dead forever” whilst comedian Jerry Seinfeld (from his Hamptons mansion) counters that New Yawkers have grit.
New York City is dead forever — link
This falls under the heading of: “Two Things Can Be True At The Same Time.”
Guy calls me to discuss apartments and asks what happens when markets begin to drift. I had a good long run owning thousands of apartments and was taught some harsh lessons and some good ones by Mother Market.