It would be pleasant for the commie female dog Hochul to get it in the teeth before she’s able to escape from office.
I wonder what Burton G. Malkiel and Jack Bogle would say about Wall Street, now.
Private property is the one thing you can’t take when you leave an area. Hence as a private property owner you are driven to protect the property value and work against anything that lowers said property value. This investment is normally a long-term situation. When there is a sea change, reviewing the situation before investing becomes critical. That is all investors are now doing with New York City and New York State, they’re reevaluating the situation and asking do they want to be in an area that looks to be very unfavorable to building owners.
bookmark
Which could have disastrous consequences for people who have money invested in NY's regional banks.
About to be a whole lotta galtin’ going on
I said the other day that developers would walk away from NY.
Here is a fund manager that will move his investments away from NY.
More will follow.
They will stop projects, sell projects, truncate projects, and not start them.
The economic impact overall can be devastating. All the people involved in the process will be scrounging for work; the site managers, the foremen, the laborers, the carpenters, plumbers, electricians, concrete, roofers, windows, HVAC, security, inspectors, architects, engineers, sales, flooring, cabinets, finishers, cleaners, landscapers, irrigation installers, fire suppression systems, elevators, and more.
Depending on the project, several hundred people get to work and eat.
Great job, James and Hochul. You played yourselves.
I said the other day that developers would walk away from NY.
Here is a fund manager that will move his investments away from NY.
More will follow.
They will stop projects, sell projects, truncate projects, and not start them.
The economic impact overall can be devastating. All the people involved in the process will be scrounging for work; the site managers, the foremen, the laborers, the carpenters, plumbers, electricians, concrete, roofers, windows, HVAC, security, inspectors, architects, engineers, sales, flooring, cabinets, finishers, cleaners, landscapers, irrigation installers, fire suppression systems, elevators, and more.
Depending on the project, several hundred people get to work and eat.
Great job, James and Hochul. You played yourselves.
Letitia James is clicking her heels daily with this verdict over Trump. I hope it costs NY hundreds of billions of dollars going forward.
Even if this is overturned in Appellate court there will be fall out and the poor saps of NYC and NYS will be hardest hit.
Prediction
NYC begs President Trump's sons to come back and invest in projects in NYC to show NYC is open for business. They will likely give them favorable loan guarantees and favorable tax discounts. All to show the rest of the investment community they have learned their lesson and will leave the business community alone.
bfl
We are talking about some very rich and powerful people and so I have to ask why don’t they use their money and power to get rid of these socialist (pretending to be Democrats)?
If they were to tell the leadership of the Democrat party that they will end all donations to the party not just in New York but every where they may get them to pay attention.
It is time for the Democrat party to be starved of money and support.
I’m a girl and I hope he chooses a STRONG, THOUGHTFUL, EXPERIENCED MAN IN MORE THAN POLITICS...TO BE VP.
And their ‘bleeding hearts’ can’t even see how unsustainable this is. Or it’s more sinister. The very few are bought off in return for making a hellhole.
How is that DA worth many millions? I heard 8+ - with uncounted cash in her house.
Reality has a way of catching up with you. It may take some time but it gets there eventually. Will this be a trend or a one off? America seems blind, deaf and dumb to the ‘progress’ of those that hate God but love Marx. Something is coming worse than a financial collapse. If we can’t see the easy things how will we see the difficult?
If I have told you earthly things, and ye believe not, how shall ye believe, if I tell you of heavenly things? Jn 3:12
And he said to them, “O foolish ones, and slow of heart to believe all that the prophets have spoken! Luke 24:25
“…and that the blue state has shown its politicization when it comes to doing business.”
Quite right. Now when they come to you and want you to do something, ANYTHING really, that they want you to do but that you don’t want to do…well they’ve made their example and the choice is yours…
F you want the Truth about the Trump trial in New York take a look at Mark Levin program on Fox last night!
“Get out.” - Glenn Beck.
“The commies sure have made a mess of things.”
Yup! DEI got is the NY AG, and Marxism IS DEI. Especially “Equity” (*spit*).
“From each, according to his ability; to each, according to their need.”
And “Socialism is Communism, sold by the drink.” (Steyn)
I wonder if Wall Street could be moved out of New York city and state.