That doesn't work with commercial real estate. Migrants can't buy the property, you need actual businesses to do that.
That 1.2 trillion in losses is going to turn into deflation that the banks are literally going to evaporate. Just like Enron, they are going to create a shell company that will buy all the debt, have the shell company declare bankruptcy, and then have the bank just say "oh, the shell company doesn't have to pay us back." Abra Kadabra: 1.2 trillion dollars vanishes into thin air (because like any good magic trick, it wasn't there when you were first looking either).
This has been a multi-year problem already. What a lot of politicians and elites are doing is buying up the commercial property in the hopes that they can buy it cheap, and then sell it when the economy recovers. Bill DeBlasio did this with the lockdowns in New York.
The problem is that the longer the Commercial Real Estate crisis goes on, the worse those investments become, and Leftist policies have done nothing to help this situation.
I actually think the situation is going to become significantly worse. When the recession finally hits this year, there's going to be even more loss of property, and so prices are going to drop even harder, even the ones that have already been purchased. But if Trump wins, those commercial properties in blue cities aren't going to get better because Dem policies & taxes are still fucking psychotic. Trump's already said his plan is to build new cities instead (meaning fund & subsidize republican majority cities). Meaning that the depopulation of the current American cities is going to continue; which means that the current owners of that cheap property are going to sell, and drive the value of commercial real estate in Dem cities down even further.
These idiots are playing themselves into turning places like New York, Los Angeles, Seattle, Portland, Baltimore, and Philadelphia into fucking Flint.
I agree somewhat but in a longer term, like 10-15 years immigration makes house prices reach insane levels. I guess is part of the plan.
But in short term, your scenario seems much more likely.
That doesn't work with commercial real estate. Migrants can't buy the property, you need actual businesses to do that.
That 1.2 trillion in losses is going to turn into deflation that the banks are literally going to evaporate. Just like Enron, they are going to create a shell company that will buy all the debt, have the shell company declare bankruptcy, and then have the bank just say "oh, the shell company doesn't have to pay us back." Abra Kadabra: 1.2 trillion dollars vanishes into thin air (because like any good magic trick, it wasn't there when you were first looking either).
This has been a multi-year problem already. What a lot of politicians and elites are doing is buying up the commercial property in the hopes that they can buy it cheap, and then sell it when the economy recovers. Bill DeBlasio did this with the lockdowns in New York.
The problem is that the longer the Commercial Real Estate crisis goes on, the worse those investments become, and Leftist policies have done nothing to help this situation.
I actually think the situation is going to become significantly worse. When the recession finally hits this year, there's going to be even more loss of property, and so prices are going to drop even harder, even the ones that have already been purchased. But if Trump wins, those commercial properties in blue cities aren't going to get better because Dem policies & taxes are still fucking psychotic. Trump's already said his plan is to build new cities instead (meaning fund & subsidize republican majority cities). Meaning that the depopulation of the current American cities is going to continue; which means that the current owners of that cheap property are going to sell, and drive the value of commercial real estate in Dem cities down even further.
These idiots are playing themselves into turning places like New York, Los Angeles, Seattle, Portland, Baltimore, and Philadelphia into fucking Flint.
I agree somewhat but in a longer term, like 10-15 years immigration makes house prices reach insane levels. I guess is part of the plan. But in short term, your scenario seems much more likely.
You're not wrong, you're just hitting the wrong issue.
Immigration drives up retail home prices right now. It just doesn't have an effect on commercial property prices.