3 ms·
TL;DR: Most of these are owned by huge mega-banks, and they are happy to eat the losses and play the long game waiting for real estate to be valuable again.
by phendrenad2 3y ago
TL;DR: Most of these are owned by huge mega-banks, and they are happy to eat the losses and play the long game waiting for real estate to be valuable again.
- tabtab 3y agoOligopolies ruin everything. There are a few industries where they make sense, but most, not.