3 ms·
As much as this is going to hurt, it needed to happen. Prime realestate has resulted in square footage being more valuable than peoples time. Worse so, not rent
by bearjaws 4y ago
As much as this is going to hurt, it needed to happen. Prime realestate has resulted in square footage being more valuable than peoples time. Worse so, not renting out that 'square footage' can also be valuable by driving down supply.
This is a toxic cycle that produces nothing for society other than big numbers going up. America needs to eliminate rent seeking entirely, its toxic and prevents businesses from forming if they have the audacity to require space...
My only hope is we don't bail out these cancerous REIT groups and let them burn to the ground, even if it takes my 401k with it.