Not all is well at this glamorous piece of real estate.
It’s not just the oil bust.
The financialization of rents.
Though it cannibalizes the rest of the economy.
Now in San Francisco, New York, Boston, Chicago, Washington DC, and perhaps a city near you.
Auto Sales, Construction Get Totally Crushed.
It’s the banks they’re worried about.
The demographic shift behind the high-rent phenomenon.
Tough business decisions loom.
The Fed’s fourth mandate.