He's made his money and is dumping the risk back onto the shareholders. There's no need to look up his Early Life section.
He's made his money and is dumping the risk back onto the shareholders.
There's no need to look up his Early Life section.
This has always been the plan. If the commies stay in control NYC is going to look like Detroit in a few years, maybe worse.
Archive: https://archive.today/4KsB6
From the post:
>Google billionaire Sergey Brin is cutting his losses and staging a dramatic exit from the dysfunctional New York City real estate market. The tech titan, whose fortune sits at $268 billion on the Bloomberg Billionaires Index, has completely soured on the Big Apple's increasingly progressive regulatory landscape. Using his personal family office vehicle, Amphitheatre LLC, Brin has capitulated and sold his entire stake back to the property fund's manager, A&E Real Estate. The property sell-off comes as a perfect storm of radical rent control laws and skyrocketing structural costs continue to squeeze landlords to a bloody pulp across the Big Apple.
This has always been the plan.
If the commies stay in control NYC is going to look like Detroit in a few years, maybe worse.
Archive: https://archive.today/4KsB6
From the post:
>>Google billionaire Sergey Brin is cutting his losses and staging a dramatic exit from the dysfunctional New York City real estate market.
The tech titan, whose fortune sits at $268 billion on the Bloomberg Billionaires Index, has completely soured on the Big Apple's increasingly progressive regulatory landscape.
Using his personal family office vehicle, Amphitheatre LLC, Brin has capitulated and sold his entire stake back to the property fund's manager, A&E Real Estate.
The property sell-off comes as a perfect storm of radical rent control laws and skyrocketing structural costs continue to squeeze landlords to a bloody pulp across the Big Apple.
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