Were I a wealthy real estate investor, or even the head of a REIT that invests heavily in New York, I would begin to sell my holdings.
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I suspect that the behind the scenes discussions right now are all about ‘how exactly is that done?’ If everyone lists or starts the process of selling their property tomorrow, the glut on the market would drive prices through the floor....
Yes it will be a race to make sure they aren’t the last one out the door. Businesses than can relocate will. Those that can’t will be the next target when they run out of Trumps’ money.