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Economy

Wellstone ruled

(34,661 posts)

2. Might be a bit Ugly,

Reply to marmar (Original post)

Tue Dec 1, 2020, 02:44 PM

Dec 2020

but,it is location location. Sad to say,there are hundreds of these situations around the Nation. And the Lenders really do not want to take these properties cause they are not prepared to be in the Rental Business. Most of the underlying Mortgage Debt is spread around in various REIT's on these types of Properties.

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Highlight:

Vacancy Rate at Iconic Manhattan Tower with 899 Apartments Hits 26%: This Shows How Fast & Massive.. [View all] marmar Dec 2020 OP

What an atrociously ugly building. CrispyQ Dec 2020 #1

Might be a bit Ugly, Wellstone ruled Dec 2020 #2

Not my taste, either, but the rooms are decently sized Warpy Dec 2020 #3

So true on the business Wellstone ruled Dec 2020 #4