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Maggie Jetson
Louis Rossmann
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Comments by "Maggie Jetson" (@maggiejetson7904) on "Maybe NYC has a chance? The right people are leaving." video.
They are both in the real estate business.
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They do that to drive out all possible prime real estate so their competitors cannot get into the game. When they are the only coffee in town the can charge you $6, but not when Pete's is across the street charging $3.
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They help their landlord customers cook the book, and manipulate the rent and therefore the asset values, then lend them the money for these inflated assets.
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You don't need that many smaller buildings and shorter lines, this is 2020. If you need shorter lines you can do most things online except maybe an armored van to carry cash from your store to the bank every day.
1
Chase is cooking the book to either prop up an REIT.
1
They won't screw up and go bankrupt, by borrowing money to rent these places they can just help their landlord customers to ride till inflation catches up and sell the whole building to the next sucker.
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