Tell me you no nothing of the industry without telling me

The push is coming from the banks. Banks own all the loans for commercial real estate, and were the first entities pushing for back to office.

Banks also tend to be board members and significant share holders in public companies and could internally push for back to office to protect their loan assets.

If I Had My Way I'd Tear This Building Down

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What did the 2000s crash have to do with unemployment?

Unemployment was low then.

Thanks

Wouldn’t you just get sued and get your wages garnished?

A strategic default is when you have a loan on an asset but the loan costs more than that asset is worth so you stop paying the loan. With you not paying your loan it frees up money to do other things.

Example: If you have a $500k loan on a house that is worth $400k you stop paying your mortgage and live rent free for a year (while they evict you) to build up cash. Then rent a house across the street and wait a year or two and then buy another house and do it again.

I rent a duplex

But if the argument is ',the reason these building are going bankrupt because they aren't modern' I don't think it holds water because all these building have adjustable rates which makes the monthly mortgage payments jump higher and higher.

They don't want you having a nice life.

They want you making money for other people, spending everything you earn (and then some), and paying a ton of taxes.

Yeah, but the Fed has been in the business of socializing losses and guaranteeing returns for like 23 years.

So I'm skeptical that's going to change.

Nah, there are a lot of them that have an employee minimum. We used them at my old job and if we didn't keep. Say 25 people at the location for 3 years we had to back pay the tax abatement in full with interest.

Could be greenshot

>Columbia Property Trust

for NYC one of the buildings was twitter and the other ones were older buildings

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in NYC all the older buildings are going bankrupt and companies are coming to newer offices with hotel seating. the older buildings are hard to run ethernet, wifi and other modern tech in and the newer ones are built with new tech in mind along with more natural light

This is not correct. There are many deals with cities and states to employ xyz number of people in the area. It’s why some companies didn’t allow people to relocate after moving to remote work.

I mean. It would have to wouldn't it?

Workers live by work. If there is no work at the place of work then there is no point to being by work.

he already changed his mind for the upcoming union contract

You are witnessing Financial Collapse in real time.

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crypto jumped the shark very quickly and lost the battle of hearts and minds, and without some truly epoch defining innovation that the world soon adopts, it will continue to languish as a zombified niche area full of delusions, cynicism and the burning of real money.

Can an implosion is the commercial real estate market seep into the residential market? Somehow I think yes

How does that work with extremely low unemployment though? I’m struggling to link the two

They are still getting rekt.

I can’t fathom a business paying for employee meals, lattes, snacks, and the myriad other perks offered. That’s nuts. No wonder the balance sheet drastically improved. You really need all that extra stuff to compete for fintech employees?

Initially read this as, “failed money manager Cathie Wood…”