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.

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.

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.

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

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.

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.

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.

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.

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 :))

First time I've seen one of your videos, pretty impressive. Condo towers are somewhat similar here in Los Angeles, but more are company owned and used by top staff who travel here to work in their regional offices for a while. The real eye-opener are a lot of the skyscraper office buildings are practically empty. A lot of the corporations that lease them still pay the rent, and have reception staff, but the office and cubicle areas are practically vacant (maybe 5% of employees on site). I did find one exception, and that was a Japanese company whose employees work at night so they can communicate in real time with HQ in Japan, and they can avoid the heavy daytime L.A. traffic.

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

I like how this channel has gone from discussing and praising the architecture of billionaire's row to pointing out how fucking terrible it is for literally everyone. Character development.

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.

From a perspective of a real estate agent in Prague the prices of these apartments are eye watering, the most expensive apartments in Prague atm are around 2,5-3m dollars, regular apartments are around 200-300k.

"Architecture as spatial financial form, not as shelter or cultural manifestation." Nailed it. Bless you guys.

The overfocus on the hyper-wealthy seems to be a serious problem for the construction industry. Demand for regular homes is higher than ever and yet developers still aren't building enough of them.

Have to say this is an incredibly well produced/presented doc. I have no searing interest in construction, but it was a damn good watch.