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So it takes an income of $86,000 to pay rent. Almost 40,000 new and resale apartments are for sale. Barely 300 sold in the last three months. More than 60% of landlords are in negative cash flow. And ...
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Opinion

The Lesson of 1929

But all of that lay ahead on Tuesday, October 29, 1929—a day that the economist John Kenneth Galbraith would later describe as “the most devastating day in the history of the New York stock market, ...