In August, they warehoused over 5,000 apartments and rates have dropped to their lowest since 2010, a 15% decrease in just one year.https://www.businessinsider.co...Will New York continue to bleed, or do you think this is a temporary thing?

The problem with socialists is that they are too bleeding heart.

It's a swell place for anyone trying to lose weight. 

Even if you are a bleeding a little bit of cash every month by doing dropping the rent, it would still be less than a vacant property.

I am not going to pretend that everything is swell but here are the reasons I don't think this will be a bloodbath like 2008.1. 42.1% of all homes in the US are owned outright.2. 58.7% of all homes in the US have 60% equity.   3.

Sorry to hear that you're bleeding out money.

Without insulation you're going to get some bleed-through of heat transfer, but unless the paint is blistering off the drywall ceiling it's not as big as you think. 

He is on welfare, you are never going to see the money so you need to stop the bleeding before it gets any bigger.

Right now you are bleeding money and need to proceed with some urgency. 

The bleeding heart people will get free attorneys to sue you anyways and the 9th circus court of appeals will even rule against you because idiocy and feelings now rule the west coast.