3 ms·
> How is it a ponzi scheme? Because it’s credit built on credit. It’s not an intentional Ponzi scheme (maybe). > The proper market reaction is to spend the mo
by breckenedge 3y ago
> How is it a ponzi scheme?
Because it’s credit built on credit. It’s not an intentional Ponzi scheme (maybe).
> The proper market reaction is to spend the money to convert these office spaces to some other use, perhaps residential.
It’ll be prohibitively expensive for most properties to convert them to residential. They might as well be demolished for their land value.
- deleted 3y ago[deleted]
- Jabrov 3y agoThat still doesn’t make it a Ponzi scheme. Don’t just throw the word around.
- capitalsigma 3y agoPonzi scheme is when the price collapses for something that I don't like, and the more that I don't like it the Ponzi-er it is
- dmoy 3y agoThat is not what a ponzi scheme is