Financial District takes RE market lower

hold your horses. this is one building in a less desirable part of town. nothing is happening quickly.

you need critical mass to really see a big drop and we are not there yet. and no one knows if it will happen because there is no transparency with developers -- we laymen only find out about their problems when they stop servicing their debt.

Fair enough
But he whole assumption that the bubble burst and it's ready to inflate again has no foundation in NYC history.
Read GOTHAM in re: cycles of Wall Street and RE since the 1830's

Fidi will need a lot of people/jobs to repopulate and a lot of good disposition on behalf of lenders to cement a regrowth of its market.

I would think something has to give sooner or later, but Ive been saying that about a year now. I work on wall st and ive been walking past the same for rent signs for a few years now. who knows