Prime Manhattan office tower sees value plunge $100 Million. Building was valued at $215M in 2019. New appraisal valued it at $104M. A 50% Disastrous Drop
Got Silver?
Prime Manhattan office tower sees value collapse over $100 Million in 5 years.
The building was valued at $215M in 2019
A recent appraisal valued it at $104 Million
That's over a 50% drop Manhattan office has gone from teetering / precarious to a 5 alarm fire crisis.
Commercial Real Estate and Office Buildings and the new normal based on comps NOW selling for 50-80% discounts
Address: 65 Broadway (American Express Building)
Here are some other marquis properties selling for average of 55% to 79% OFF what they last sold for
And Now Some Good News
The people can fight back by stacking Silver.
How it works:
1. Convert your Federal Reserve Notes (printed money not backed by anything) to Silver and Gold. So you are not buying Silver; you're simply trading paper for real money!
2. Start with Silver, which is in "beast mode."
3 Gold will hit $3,000 this year.
4. Gold to Silver Ratio will hit 60 within a year (most likely). There are reputable precious metals analysts suggesting the Gold to Silver Ratio to go as low as 15 which would place silver at $200 per ounce
5. This places our Silver target at $50 within a year.
6. Today's price of Silver is about $29 per ounce.
7. The percentage increase from $29 to our price target of $50 is 65%
And More Good News
For exposure to leverage play we are recommending Kuya Silver, Outcrop Silver and Dolly Varden Silver
Shawn Khunkhun (Dolly Varden Silver) explains how it works: