I occasionally see some videos from Louis Rossman posted here.
The landlords in NYC would rather earn ZERO rent than accept a realistic rent - because fraudulent banking practices allow banks to pretend the properties are worth 'the NPV of the highest rent they ever earned'.
Officially 15% of offices are vacant. (Louis Rossman regularly shows entire blocks are empty).
Hopefully this will cause banks to mark these assets accurately instead of committing fraud....
I occasionally see some videos from Louis Rossman posted here.
The landlords in NYC would rather earn ZERO rent than accept a realistic rent - because fraudulent banking practices allow banks to pretend the properties are worth 'the NPV of the highest rent they ever earned'.
Officially 15% of offices are vacant. (Louis Rossman regularly shows entire blocks are empty).
Hopefully this will cause banks to mark these assets accurately instead of committing fraud....
Isn't this what sparked the decades-long Japan stagnation?
You could supposedly buy all of the land in the US with the land in Tokyo.
Just sell all the bullets in the walls from the non-existent shootings that will occur. Metals are up.
Very expensive ghost towns.
I'm sure the Saudis can help them with their office space problem.