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I’d agree with you but for the part where—at least in America—any substantial loss one of these landlords might take is bailed out or subsidized by some level o
by thebooktocome 3y ago
I’d agree with you but for the part where—at least in America—any substantial loss one of these landlords might take is bailed out or subsidized by some level of government, i.e., by the taxpayer.
For example, a local mall is teetering on the edge of bankruptcy, but not to fear: the township is in talks to purchase it at market value so as to not create an eyesore. Utter insanity.
- lordnacho 3y agoYes it's actually important that whoever has risk in a project has a say in it. What we've seen recently is a parody of the free market.