"Assessing the Looming Crisis: Commercial Real Estate Challenges and Debt Maturities"
TL;DR Summary
Arpit Gupta, associate professor of finance at NYU Stern School of Business, discusses the potential "financial urban doom loop" caused by the collapse in office real estate and its impact on big cities like New York and San Francisco. He highlights the role of property taxes in driving this cycle and explores the challenges facing urban areas in the future, including the lag in data and the unique recovery challenges for cities like San Francisco.
Topics:business#economic-cycle#office-real-estate#property-taxes#real-estateurban-economics#remote-work#urban-doom-loop
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