this post was submitted on 05 Oct 2023
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traingang

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Post as many train pictures as possible.

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LANDLORDS COWER IN FEAR OF MAOTRAIN

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https://finance.yahoo.com/news/no-one-saw-coming-kevin-133000274.html

“No one saw this coming,” entrepreneur Kevin O’Leary said in a recent interview with Larry Kudlow of Fox Business. And O’Leary believes the issue will manifest itself in the regional banking sector. “These banks are going to fail,” he said, “because up to 40% of their portfolios … are in commercial real estate.”

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[–] [email protected] 20 points 1 year ago

It's almost as if having a massive chunk of your 'economy' be built around FIRE makes it super unstable and liable to collapse any time structural pressures are applied to it thonk

My only regret is having to deal with bosses desperately trying to get people back into the office to try and stave off the inevitable collapse of commercial real estate and that these buildings by and large can't be converted into cheap housing when it does become worth nothing.