Why New York’s Billionaires’ Row Is Half Empty

Wow! Wow! Wow! Just wow! They did it guys. They kept their promise. The half an hour video from the best channel for construction in the world just gave us the best treat of the year. I love you B1M. Your videos are spectacular. I can write almost an entire book about how much y’all have helped me in learning about construction projects around the world right here from the comfort of my home 📱 🛋 . You guys are the absolute best of the best . I’m sooooo grateful for rocking with y’all for over a year now I believe. Keep up the spectacular work mate 👏🏾🤍 🚧 And Sending loads of love right here from The Bronx NewYork City 😊

The one thing that amazed me the most when I moved to the US 10 years ago, was lobbying. I believe it's called bribery in the rest of the world.

The retail stores are empty the offices are empty, and billionaire's row is empty. Welcome to NYC!

There is a class action suit against Park Tower- 432 Park Ave, by it's residents. Everything from the building vibrating to the elevators stopping whenever the wind blows over 10mph to leaks, the list goes on. The plans were pushed through the city planning commission, and it was never pointed out that it would cast a shadow right across central park.

The essential thing that everyone should be thinking about right now is investing in non-government sources of income. Especially in light of the current global economic crisis. It is still a wonderful moment to invest in gold, silver, digital money, and stocks.

I remember walking along the edge of Central park a few years ago, people sleeping on the benches in the shadows of these $100m empty apartments. The stark contrast in humanty.

I like how the rich dude listed a bunch of taxes that literally everyone pays.

This episode was enlightening, especially for someone who studies affordable housing. It's amazing how you connected billionaire housing to lack of affordable housing. What you have uncovered is the fact that billionaire housing developers bought off future development rights off of affordable housing development and concentrated all that housing into empty buildings. The air rights were not from buildings that were accommodating billionaires. The air rights belonged to properties that were accommodating people from middle class and even poor. Now, those development rights are embedded in empty buildings that belong to super rich. To make matters worse, They keep building more meaning more air rights belonging to middle class and even poor will no longer exist. Meaning no more future accommodation for these individuals. Thank you for your work.

Brilliant documentary. I was just in Dubai staying in one of many luxury apartments in a skyscraper district (an Airbnb), and as I drank my evening tea I was baffled to see that absolutely most of the windows in all of the other skyscrapers were completely dark. The only lights illuminating those buildings were the decorative LEDs running along the facade, which create the illusion of a lived in space.

The scary thing is this move to own housing as an investment isn't just restricted to these ultra-wealthy properties like Billionaire's Row. More and more 'normal' homes are being scooped up as an investment at the detriment of people who'd actually like to live there.

This part really rubbed me the wrong way, When Serhant said "Smart people end up being incentivized to make money and their lifestyle increases" Ryan Serhant is not self made, his father was the vice chairman at a company with 3.9 trillion USD in assets under management. He was born in the purple.

"New York City, once known for its iconic skyline and architectural landmarks, is rapidly losing its identity with the rise of the so-called "Billionaires Row" on 57th street. The influx of new skyscrapers, designed to cater to the ultra-rich, has transformed the city's skyline into a glittering metropolis reminiscent of Dubai. While some may argue that these towering buildings represent progress and modernity, others lament the loss of the city's historic charm and unique character. With each new addition to Billionaires Row, New York City seems to move further away from its roots, leaving many to wonder what the future holds for this once-iconic city." R.I.P. NYC

The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

Plus, those empty apartments are cooled all throughout the summer because constant change in temperature damages furniture and art, so when the city asks residents to decrease their power usage to avoid blackouts I'm guessing it's mostly the poor who do it.

It’s heartbreaking to me that there are so many people living on streets freezing, starving, and struggling, while there stands so many buildings almost completely empty.

Everytime I see something like that, I find it just so grotesque that there are people on our planet without enough money and recourses to afford education, a home, maybe even food, while in the same moment there are people able to spend more than 100,000 million dollars on a place they never even step a foot in.

As a 23 year old who won’t be able to afford a house in the next 5 years with a stable career field and job outlook, this sure made me happy for the rich :))

I live in Melbourne and definitely have felt this, in my building there are easily 200-300 apartments, but given the amount of neighbours I've encountered and mailboxes I've seen empty, I think no more than 100 are occupied. At one point for almost a month my roommates and I realised we were the only occupied apartment in our entire level

The engineering that goes into these buildings is always fascinating, but the economic/societal side of things is definitely troubling.

Nice video as always but here is my problem I have been making losses trying to make profit tradng. I thought tradng demo account is just like tradng the real market... can anyone help me out or at least advise me on what to do?