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A ‘Golden Era for Large Cities’ Might Be Turning into an ‘Urban Doom Loop’
- mortenjorck 4y agohttps://archive.ph/2ldoR https://archive.ph/2ldoR
- raybb 4y ago> In their paper, the three authors “revalue the stock of New York City commercial office buildings taking into account pandemic-induced cash flow and discount rate effects. We find a 45 percent decline in office values in 2020 and 39 percent in the longer run, the latter representing a $453 billion value destruction.”