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Apartment Building Values Plummet
The apartment building values started to plummet as much as 40%. Apartment and multifamily properties peaked in May 2022 and started falling since then. Besides plummeting apartment building values, foreclosure of apartment building properties are skyrocketing to 2007 levels. The numbers of apartment building values plummeting and soaring foreclosure rates vary from city and state. We will cover more in this breaking news as more develop in the coming days and weeks. Besides apartment building properties, values of commercial properties in general have and are plummeting at record levels.
https://youtu.be/QuDEubYPMoM?si=sYcSVFDyYmK1MeBC
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This discussion was modified 7 months ago by
Gustan.
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This discussion was modified 7 months ago by
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2 Replies
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Here are the updated numbers on values plummeting on commercial property values by property type
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Out of the 50 states, New York state is poised to have the highest taxes and largest drop of real estate values. Out of all cities in the nation, New York City leads as the city of highest taxes and largest drop in real estate values. Time to plan on leaving New York.