trw88

Developments in Multi-Family Housing Don't Bode Well for New York Bancorp

I think the author raises some legit concerns but is overstating the impact the potential legislation will have on subsidized housing values and non-performing assets by a lot. I wouldn't underestimate how foolish the NY legislature could be with this destructive populism that is being hoisted upon us, but in the end I think it's more smoke than fire.