Legitimately a painful but good thing. Commercial real estate is a fucking massive speculative bubble at this point. In the city I'm in people with what you would think are very successful businesses/shops are getting completely squeezed out by insane rent, like it's actually baffling. I'm not sure what these dipshit s are thinking charging businesses so much (many of these areas aren't even very nice), but I'm guessing these properties keep switching hands and every time they try to sell it for more, leading to the next asshole with the bag deciding they need to up rent to make back what they spent in a neverending spiral. Kinda like housing, but somewhat less evil and more stupid.
Local bike shop closed up today, all inventory going to the landlord. Sad.
What's the timeline until someone introduces legislation to make it illegal to work from home?
Surely they mean Chinas real estate is headed toward a crisis? I read 65 additional articles about it yesterday
What will we choose, freedom or China's draconian anti-bank policies?
Over the next two years, more than $1 trillion in commercial real estate (CRE) loans will come due
Small banks (assets of $100 million to $1 billion) and midsize banks (assets of $1 billion to $10 billion) have CRE loan values far exceeding risk-based capital levels at 158% and 228%, respectively
When you constantly talk down to the peasants for not diversifying their (nonexistent) portfolios only to turn around and bet the house on black.
Mostly unrelated, but the land use in the thumbnail makes me want to scream
Fantastic! This means all of us bullshit email factory workers are going to be forced back to the office 😎
And there will be no organized pushback whatsoever because workers are extremely atomized and disorganized (just look at LinkedIn lmao)
