There's a nuance in the word costing here, more clear would be "people are no longer spending 12B a Year in Manhattan". It's a free market right? Manhattan real

There's a nuance in the word costing here, more clear would be "people are no longer spending 12B a Year in Manhattan". It's a free market right? Manhattan real estate will have to adjust its composition in order to offer the market something it wants if they want to get that income back.