Name: How Luxury Condos Became Capitalist Cheat Codes
Uploaded: 2022-08-22T23:00:00+00:00
Duration: 4 min 40 s
Description: Professor Matthew Soules joins TMR to talk about architecture and capitalism, particularly how condos are an example of built space primarily being used to store wealth as opposed to use. The Majority

2 years ago

Professor Matthew Soules joins TMR to talk about architecture and capitalism, particularly how condos are an example of built space primarily being used to store wealth as opposed to use. The Majority Report crew discusses how built space is treated as an asset similar to a stock in the market and why it is prone to rises and drops in value. The Majority Report crew also talks about mass vacancies because of speculative construction and whyNew York has many empty luxury apartments.

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