The world’s empty office buildings have become a debt time bomb
1–10 of 206 posts
Re: The world’s empty office buildings have become a debt time bomb
#2I could not get into the article.
But if what happened with SVB is any indicator, I am sure all the large commercial property owners will get a bailout. Small ones will be on their own.
As for the Cities themselves (property taxes), I think this is were issues lie. Maybe time to think about selling municipal bonds ?
Re: The world’s empty office buildings have become a debt time bomb
#3Re: The world’s empty office buildings have become a debt time bomb
#4I could not get into the article. But if what happened with SVB is any indicator, I am sure all the large commercial property owners will get a bailout. Small ones will be on their own. As for the Cities themselves (property taxes), I think this is were issues lie. Maybe time to think about selling municipal bonds ?
Bailout by whom? Banks? They are already struggling, you even mention SVB.
The government? Sure... print more money.
Re: The world’s empty office buildings have become a debt time bomb
#5https://archive.is/nKC11
Thanks!
Re: The world’s empty office buildings have become a debt time bomb
#6I could not get into the article. But if what happened with SVB is any indicator, I am sure all the large commercial property owners will get a bailout. Small ones will be on their own. As for the Cities themselves (property taxes), I think this is were issues lie. Maybe time to think about selling municipal bonds ?
They will be bailed out guaranteed. Can kicking is the only solution.
Re: The world’s empty office buildings have become a debt time bomb
#7I could not get into the article. But if what happened with SVB is any indicator, I am sure all the large commercial property owners will get a bailout. Small ones will be on their own. As for the Cities themselves (property taxes), I think this is were issues lie. Maybe time to think about selling municipal bonds ?
Bailout by whom? Banks? They are already struggling, you even mention SVB. The government? Sure... print more money.
economically, printing more money isn't inherently wrong. Money was destroyed by default. Printing money to counterbalance this ... works. In principle, this is why communist regimes can get away with ordering organizations to do X, for Y.
The problem is that if you do this every time, you are effectively entrenching the current power structures of society. This isn't a bad thing if those power structures are good - or necessary. But ... it's obvious that repeatedly doing this benefits a specific class of individuals (capital holders) by capping their downside. Capping the downside of existing capital holders also caps the upside of non-capital holders by creating an uneven playing field and eliminating opportunities available to those with "clean" balance sheets.
Re: The world’s empty office buildings have become a debt time bomb
#8[dead]
Re: The world’s empty office buildings have become a debt time bomb
#9I could not get into the article. But if what happened with SVB is any indicator, I am sure all the large commercial property owners will get a bailout. Small ones will be on their own. As for the Cities themselves (property taxes), I think this is were issues lie. Maybe time to think about selling municipal bonds ?
They will be bailed out guaranteed. Can kicking is the only solution.
I don't think they will be salvaged actually. I think we'll have a combination of less city friendly states not assisting at all leading to companies wanting to force office work in some "spilled milk" style fallacy.
There's less than zero chance any of these downtowns will be covered to residential. Offices and homes have very different needs, you basically can't convert.
Re: The world’s empty office buildings have become a debt time bomb
#10I could not get into the article. But if what happened with SVB is any indicator, I am sure all the large commercial property owners will get a bailout. Small ones will be on their own. As for the Cities themselves (property taxes), I think this is were issues lie. Maybe time to think about selling municipal bonds ?
But SVB didn't get bailed out though? At least not the investors. Only the depositors were given their money back.