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"The law has been known about for decades. It was never a secret. Some buyers chose to ignore it and placed bets down on the value of some of these lofts. You can't get bailed out now for what was clearly a risky move. What has to happen now, and its the only viable answer, is those specific lofts affected by this law will have to adjust down in asking price to reflect the smaller universe of buyers who qualify as artists. Like water, the market always finds its level. Pretty simple."?anon [Group Wants to Abolish Soho's Artist-in-Residence Law]