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Stock impact report

Luxury Apartment Sales Plummet In New York As Sellers "Capitulate" [zero hedge]

General Electric Company (GE) 
Last general electric company earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: zero hedge
Luxury Apartment Sales Plummet In New York As Sellers "Capitulate"Wait until the 1st dirty bomb goes off in midtowni was thinking. given the current political climate. if NYC elects a poospatuck for mayor, the city could take these apartments from their owners without compensation. you know the rest.Toronto, London, Vancouver...all were hot, hot, hot markets.Now there will be fucked buyers (FB) also in NYC.At 40:1 leverage and 9x incomeRising interest rates + DJT new tax laws + QE unwind + Mel Watt retiring = pop goes the housing bubbleWang Fu will still be there to scoop up several $8 million apartments. Mainlanders will do anything to get their money out of Mainland. Prices don't matter to them for the most part. They are simply happy to get it out of the reaches of the guberment.NY looks like it's in declineTake a close look at upstate New York and you’ll see a region slowly dying. Its decline over the past thirty years is staggering. Blue-collar communities from Binghamton to Buff Show less Read more
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