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The crashing office market will deepen the economic ‘doom loop’ for America’s cities, economist says

Midsized cities might see greater tax charges and plunging property values as workplace demand falls.Jeff Gentner/Getty Pictures A few of America’s largest cities danger falling into an financial “doom loop.” Cratering demand for workplace house will exacerbate issues for US cities, one Columbia economist says. Midsized cities might see greater tax charges and plunging property values as workplace demand falls. …

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