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That has not been my observation from my environment or from the data over the last couple decades. Usually what happens, is in order to keep the asset value h
by im_down_w_otp 7y ago
That has not been my observation from my environment or from the data over the last couple decades.
Usually what happens, is in order to keep the asset value high they'll sit on vacancies for as long as they possibly can to avoid having to recognize a lower value on the property, until it becomes advantageous to do so as a write down after they're done leveraging themselves based on the inflated asset price.
- fiter 7y agoThe person you're replying to said that it hasn't been operating well since FDR, so they agree with you that. It sounds like something is wrong with lending if someone is willing to lend to them based on inflated asset prices!