21min chapter

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Keeping it Simple | Ep. 31: Scoring with a Bank Shot…

Keeping it Simple with Simplify Asset Management

CHAPTER

Impact of Recent Changes in New York City's Hospitality Market

They discuss the removal of Airbnb from short-term rentals, housing of immigrants, rising hotel prices, and the distress in the market as properties can only be rented for a month at a time. They mention the difficulty of converting commercial buildings to residential and the need for someone like Robert Moses to remake the city. They also talk about the decline in NYC's population, the impact of COVID on commercial properties, and potential losses for banks due to real estate exposure.

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