• ☆ Yσɠƚԋσʂ ☆OP
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    4 months ago

    Bad commercial real estate (CRE) debt really is shaping up to become another subprime mortgage disaster.

    • I wonder if the commercial properties crashing will cause residential homes to fall too.

      I’d hate for people to lose their homes but under this system and housing costs a housing crash might be the only way I could ever own a home. I’m so fucking sick of exorbitant rental costs and landlords.

      • MeowZedong@lemmygrad.ml
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        4 months ago

        Don’t worry, any liquidated residential property will be consolidated under a bigger, “more stable” firm than your current landlord. They’ll evict us, but up the properties, and then rent them back to us at higher rates. You won’t even get a chance to buy a home because all of this has been planned and is currently being executed.

        Renting everything in your life provides them with more stable revenue streams until they can fuck things up even further, all at our expense.

      • PolandIsAStateOfMind@lemmygrad.ml
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        4 months ago

        I wonder if the commercial properties crashing will cause residential homes to fall too.

        Doubt, it will be just taken over for pennies by even bigger shark.