Depressed NYC real estate prices yield bonanza for savvy investors
How is commercial real estate doing in NYC? The upshot: “I think all the loans that were originated over the last eight years are today underwater,” Okada said. While there are parallels to the GFC in 2008-09, today’s crises are not as cataclysmic, he suggested. What’s more, homeowners will be safe once the economic tide … [Read more…]