The 'Urban Doom Loop' for Commercial Real Estate w/ Stijn Van Nieuwerburgh
Real Vision: Finance & Investing
00:00
Introduction
Stan Newernberg: The Urban Doom Loop is a downward spiral for commercial real estate. He says when property values fall in value, that reduces tax revenue and leads to budget cuts. This could mean less money for transportation, sanitation or education, he says. And it's not unlike what we experienced in New York City in the 1970s, Newernberg says.
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Transcript
