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Would you also bail out those who bet on black and got red? When you bail out something like Ford you keep it running and collect tax revenue. If you don't, fa
by jojobas 6y ago
Would you also bail out those who bet on black and got red?
When you bail out something like Ford you keep it running and collect tax revenue. If you don't, factories stop and the business essentially disappears.
When a landlord goes bust nothing happens, other the financial loss for the landlord.
- refurb 6y agoWhen a landlord goes bust nothing happens, other the financial loss for the landlord. It's like the old saying "when you own the $10,000, that's your problem", "when you own the bank $1B, that's the banks problem". When 1/3 of NYC commercial real estate gets foreclosed, that's not just the landlord's problem, that's everyone's problem.
- jojobas 6y agoWhen 1/3 of NYC gets foreclosed the new tenants will swarm to rent the places at a discount and reopen the cafes and everything else as soon as they're allowed to operate.