Wall Street is now betting against America’s Democrat-run downtowns ever recovering from being run exclusively by Democrats.
“Wall Street is betting against America’s [Democrat-run] downtowns,” writes the Wall Street Journal.
“Investors are paying less for bonds linked to New York subways and buses,” says the report. “Downtown-focused real-estate investment trusts trade at less than half their prepandemic levels. Bondholders are demanding extra interest to hold office-building debt.”
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