Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Commercial property deals in the US are starting to pick up at deep discounts

bloomberg.com

Post reply on HN
Print view View original

221–230 of 230 posts

Re: Commercial property deals in the US are starting to pick up at deep discounts

#221

Post by k8svet »

chiefalchemist wrote: post #187
bboygravity wrote: post #152

Earlier quoted context omitted.

We're supposed to believe that Putin and Covid caused inflation last I read the news.

I believe them. They would never lie to us.

You're both clowns. It costs nothing to wave your hands and pantomime vague non-specific-to-absurdity conspiracy theories. Also, I've never heard a single person ever imply inflation is due to Putin.

No, in fact the left is quite clear that inflation is the result of corporate greed.

Might be worth inspecting why you'd rather throw out bs strawmen than engage with the actual dialog on the ground. Might force you to confront who the actual selfish villains are. But I don't have my hopes up.

The only thing "they" want is to keep screwing you while keeping you too scared and batshit to see that CLASS WARFARE IS IN THE ROOM WITH US.

Re: Commercial property deals in the US are starting to pick up at deep discounts

#222

Post by k8svet »

s1artibartfast wrote: post #161
fmobus wrote: post #97

Earlier quoted context omitted.

Plenty of happy families in my building here in Germany, judging by how active kids are in the playground. Heck, we even have a kindergarten right next to the building, schools within walking distance (and kids actually walk to them - alone), three different groceries within 5 minutes, not a single surface parking lot in sight.

I think the question that was raised is one of preference. How many of them would keep their 80 m^2 urban flat if offered a 250 m^2 suburban detached home? Humans are incredibly adaptive and resilient. I have met happy families living in a garbage dump.

My parents own a gorgeous, huge custom home. It's in the middle of nowhere in Kansas. They have no community. They're in abject low grade depression except for the weeks bookending when they travel. My dad's losing it mentally, and they just languish there.

They love visiting me when I travel. They whine there's nothing to do, no food, no culture near them. They're too cheap to heat or cool the place and again, Kansas, so it's straight up miserable 8 months of the year. It takes an army to clean it. My dad "loves" mowing 7 acres but I know he just views it as a task to get done.

Idk, the older I get the more I realize most people have never seriously sat down and tried to elavulate what they really want, versus what they think they want based on someone else's measure of success.

Re: Commercial property deals in the US are starting to pick up at deep discounts

#223

Post by k8svet »

Workaccount2 wrote: post #150
xyst wrote: post #93

Earlier quoted context omitted.

This is why I suspect return to office (RTO) was pushed so hard. The invisible hands pulling the strings behind these MBA flunkies installed at many companies are whispering in their ears. “We need to offload bad debt. Help us keep the con going just a bit longer so we can offload the toxic assets from the books to another firm or government”

I can 100% assure you that bosses and chairmen want to see their landlords get bent just as much as you do. Rent is very expensive, along with maintaining an office. The idea that RTO is driven by real estate values is so detached and uninformed it's borderline juvenile conspiracy.

> The idea that RTO is driven by real estate values is so detached and uninformed it's borderline juvenile conspiracy.

Idk about anyone else but the story told is far more convincing that corp real estate is being propped up and your denigrating dismissal has done nothing to change that.

Re: Commercial property deals in the US are starting to pick up at deep discounts

#224

Post by chiefalchemist »

chiefalchemist wrote: post #151
le-mark wrote: post #140

Earlier quoted context omitted.

Lowering inflation, strong gdp, and strong jobs growth seems to indicate they’re doing something right. Or did I miss the point (I don’t watch fox)?

They who made inflation rise? And are further squeezing the middle class to strengthen the GDP? And do notice they don't speak of the quality (read: income) of the jobs, only the quantity. They hide the ugly in those 50k ft aggregate metrics. Put another way...Trump in some polls is beating Biden. So suddenly it's not the economy, stupid? As it's said, perception is reality. Healthcare... up. Cost of automobiles... u…

Dear Downvoters... Told ya so...

> One place the economy is showing a weakness is the labor market. January had a blowout jobs report, adding 353,000 jobs to the economy. But Hollenhorst noted that if you scratch beneath the surface, the number of hours worked is falling, the number of full-time workers has decreased, and sectors such as the restaurant industry have stalled on hiring.

https://news.ycombinator.com/item?id=39410725

Re: Commercial property deals in the US are starting to pick up at deep discounts

#225

Post by chiefalchemist »

k8svet wrote: post #221
chiefalchemist wrote: post #187

Earlier quoted context omitted.

I believe them. They would never lie to us.

You're both clowns. It costs nothing to wave your hands and pantomime vague non-specific-to-absurdity conspiracy theories. Also, I've never heard a single person ever imply inflation is due to Putin. No, in fact the left is quite clear that inflation is the result of corporate greed. Might be worth inspecting why you'd rather throw out bs strawmen than engage with the actual dialog on the ground. Might force you to c…

Go here

https://news.ycombinator.com/item?id=39410725

And then read the article there. There's a nice quote from someone at Citi (which confirms *exactly* what I said about jobs).

And class warfare is *not* in the room, simply because the class that should be pissed off is too stupid, too distracted, and half of it too Left to reach lukewarm, let alone of boiling point.

Clown? Nah. But it is fun sometimes to laugh *at* the blindly objective everything-at-face-value crowd on HN. Too book smart for their own good. Wouldn't know a lie if the media shoved it up their arse. Again.

Re: Commercial property deals in the US are starting to pick up at deep discounts

#226

Post by k8svet »

chiefalchemist wrote: post #225
k8svet wrote: post #221

Earlier quoted context omitted.

You're both clowns. It costs nothing to wave your hands and pantomime vague non-specific-to-absurdity conspiracy theories. Also, I've never heard a single person ever imply inflation is due to Putin. No, in fact the left is quite clear that inflation is the result of corporate greed. Might be worth inspecting why you'd rather throw out bs strawmen than engage with the actual dialog on the ground. Might force you to c…

Go here https://news.ycombinator.com/item?id=39410725 And then read the article there. There's a nice quote from someone at Citi (which confirms *exactly* what I said about jobs). And class warfare is *not* in the room, simply because the class that should be pissed off is too stupid, too distracted, and half of it too Left to reach lukewarm, let alone of boiling point. Clown? Nah. But it is fun sometimes to laugh *a…

I don't watch or read any mainstream media. Unsurprisingly this conversation plays out predictably. You have one note. Handwave and scream "the media" and deride everyone as stupid and MSNBC watchers. I have better things to do with my time.

Re: Commercial property deals in the US are starting to pick up at deep discounts

#227

Post by AnthonyMouse »

lazyasciiart wrote: post #209
AnthonyMouse wrote: post #207

Earlier quoted context omitted.

> If life were that simple, then there wouldn't be anyone living in a housing unit that somebody else would pay a higher rent for. This is essentially what happens in the absence of bad laws. If someone else would pay more then the landlord increases the rent. The occupant might still choose to stay and pay the higher rent, but then they're not paying less than the other person would. This is all fine and good becaus…

Entertaining to see someone willing to assume an actual free market of spherical housing, but not applicable enough to the real world to be useful outside a 101 class.

Housing is actually a fairly competitive market. In a given city there are many thousands of housing units with many thousands of separate owners. Nobody has market power because there are so many other units you could take instead.

In that kind of market the long-term price is going to approach the cost of constructing new units, because if it was higher then someone could make money by doing just that, and they would, and then the increase in supply would lower the price. Supply and demand is in econ 101 because it's generally what actually happens.

This is why existing property owners don't keep prices high by colluding with each other -- cartels don't work with that many people. They have the government do it, by restricting where and how you can build housing, imposing expensive requirements on it, lowering the incentive to do it through rent control etc. Then when demand goes up through population growth, supply can't respond and instead prices go up.

If you want to claim the ordinary way that everything works isn't how this works, you have to explain why. "Not all housing units are perfectly fungible" doesn't do it -- in that case they won't all be the same price, which is obviously true, but you're still left having to explain why the cheapest ones aren't actually cheap and why nobody would want to make money by building more when prices are high unless the regulatory environment was suppressing their ability to do that.

Re: Commercial property deals in the US are starting to pick up at deep discounts

#228

Post by readthenotes1 »

7thaccount wrote: post #22
readthenotes1 wrote: post #17

Earlier quoted context omitted.

There have been many articles in the last few months about conversions. The regulations make it extremely expensive to turn in office into a home. There was an article last fall where someone backed out of doing that for a tower in San Francisco because in addition to the standard regulations there was also requirement that some of the units be set aside for low rent and that made the conversion economically unfeasib…

Is San Francisco not a special case though?

Housing shortage, massive CRE bust, headlines about how it's dangerous to live there -- apply to a few other cities.

Re: Commercial property deals in the US are starting to pick up at deep discounts

#229

Post by impossiblefork »

j7ake wrote: post #95
impossiblefork wrote: post #74

Earlier quoted context omitted.

I don't think it has anything to do with either that or with WFH. Rather, the increase in interest rates necessitate a general reduction in price on both commercial and other property. WFH means that commercial property will be affected more, but it's something general. Interest rates have gone from <1% to 5.5%, and if that's sustained there must either be such an increase in rents, which people would not be able to…

In this case, are deep discounts in residential property next?

I assume apartment buildings first. The people who actually own their homes aren't constrained in how irrational they can be.

Re: Commercial property deals in the US are starting to pick up at deep discounts

#230

Post by chiefalchemist »

k8svet wrote: post #226
chiefalchemist wrote: post #225

Earlier quoted context omitted.

Go here https://news.ycombinator.com/item?id=39410725 And then read the article there. There's a nice quote from someone at Citi (which confirms *exactly* what I said about jobs). And class warfare is *not* in the room, simply because the class that should be pissed off is too stupid, too distracted, and half of it too Left to reach lukewarm, let alone of boiling point. Clown? Nah. But it is fun sometimes to laugh *a…

I don't watch or read any mainstream media. Unsurprisingly this conversation plays out predictably. You have one note. Handwave and scream "the media" and deride everyone as stupid and MSNBC watchers. I have better things to do with my time.

It's certainly not objective journalism, that's for sure. You have to be vigilant and have a filter because there are things reported that are worth noting.

For example, it was said in the one article:

"One place the economy is showing a weakness is the labor market. January had a blowout jobs report, adding 353,000 jobs to the economy. But Hollenhorst noted that if you scratch beneath the surface, the number of hours worked is falling, the number of full-time workers has decreased, and sectors such as the restaurant industry have stalled on hiring."

Let's presume that's true, or at least 80% true. That changes all the hype around "adding jobs".

We all know, it's easy to lie and deceive with data and stats. The gov and the economy is no exception.

Post reply on HN