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They Know The COVID Intent – Big Tech
Buying Discount Office Space in New
York City…

Original Article

Posted By: earlybird, 10/18/2020 1:01:05 PM

There’s an old saying: “when there’s blood in the streets buy real estate.” The modern version of the axiom relates to the strategy of George Soros: create the crisis; fund the political arsonists; drive the turmoil; then benefit from pre-positioned finances. (Snip)(Forbes) Big Tech is bucking two big workforce trends. Amazon, Facebook, Apple and Google are all scooping up New York City commercial real estate after prices have plummeted due to the fallout from the Covid-19 pandemic. The companies are making a bold contrarian bet that Manhattan will bounce back and there will still be a need for people to work in offices. (Snip) Facebook leased enough space

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Reply 1 - Posted by: GreatGreyhounds 10/18/2020 1:03:50 PM (No. 576470)
Break them up...
11 people like this.

Reply 2 - Posted by: SkeezerMcGee 10/18/2020 1:25:31 PM (No. 576482)
Manhattan will eventually bounce back but it will take a very long time. These Big Techs have so much money they can buy (and sit on) these properties for the many years it will take before they start generating profit. Few other real estate investors can wait so long.
5 people like this.

Reply 3 - Posted by: Lawsy0 10/18/2020 1:25:32 PM (No. 576483)
Are Amazon, Facebook, Apple and Google buying up a lot of depressed real estate for George Soros, or are they buying it up for China?
12 people like this.

Reply 4 - Posted by: Strike3 10/18/2020 1:32:20 PM (No. 576488)
I don't believe that the digit-brained nerds at Big Tech have thought this through. First of all, Biden has to win and retain power before the hard Leftists push him out or he forgets that he's the president. They must then solicit cooperation from two certified nut-bags, Cuomo and de Blasio, who must raise taxes through the roof to rebuild New York. They will have to pay the workers a fortune to move anywhere New York City while the city still has no restaurants and is a war zone, not to mention covering enormous income tax increases on all workers. They will also have to convince the workers that a two-hour commute on crime-ridden public transportation is more fun than working from home in their pajamas with a poodle on their laps. I will place my bet on all four of these genius-farms losing a bundle on this high-risk inventment.
9 people like this.

Reply 5 - Posted by: cor-vet 10/18/2020 2:10:40 PM (No. 576513)
I can believe it, only because I think that's what's happening in New Orleans. Once the owners of the ultra high priced French Quarter real estate can't afford to keep it due to the mayors lockdowns, they will start to sell at discounted prices and who but the Mayors friends will be around to scoop the properties on the cheap.
10 people like this.

Reply 6 - Posted by: earlybird 10/18/2020 2:29:54 PM (No. 576528)
You can believe it. This is not the kind of real estate most of us are used to or know the first thing about. Not one property but a whole metropolitan market. This is the market our President has dealt in for most of his life. He knows it well.
5 people like this.

Reply 7 - Posted by: sehall 10/18/2020 2:55:06 PM (No. 576545)
Someone on another thread at the Treehouse commented: C – Certificate O – Of V – Vaccination ID-Identification
2 people like this.

Reply 8 - Posted by: JHHolliday 10/18/2020 3:15:29 PM (No. 576555)
With a new mayor like Rudy, NYC could come back in 15 or 20 years. If they elect another communist clown like DeBlasio,,,never. It remains to be seen how many of those who fled the city are permanently gone. Maybe big tech knows something or they are just rolling the dice. Another few years like 2020 and those bargains won't look like bargains.
6 people like this.

Reply 9 - Posted by: tjdard 10/18/2020 3:47:09 PM (No. 576588)
Let them buy as much as possible. See if they like Andy Como and Fredo and DiBlas and his good looking wife. Tax them to extinction.
3 people like this.

Reply 10 - Posted by: Highvoltage 10/18/2020 3:54:34 PM (No. 576592)
Peanuts and the football. They will buy the office space cheap and NYC will load them with taxes like they have never seen. NYC has to make up for all the taxable entities leaving to other climes ha ha ha
6 people like this.

Reply 11 - Posted by: ColonialAmerican1623 10/19/2020 12:58:49 AM (No. 576866)
Don't tell AOC.
1 person likes this.

Reply 12 - Posted by: hoosierblue 10/19/2020 7:07:42 AM (No. 576968)
Now all of the Big Tech employees can get mugged. Have fun guys.
1 person likes this.

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