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> If governments start implementing a vacancy tax that grows as vacancy duration increases, essentially forcing the market to unstick, we'd likely see a rapid i
by dgfitz 3y ago
> If governments start implementing a vacancy tax that grows as vacancy duration increases, essentially forcing the market to unstick, we'd likely see a rapid implosion of commercial real estate.
Doesn’t sounds like a horrible thing, but perhaps I’m not understanding what the impact would be to us “regular folk” if the commercial real estate bubble popped.
- datadrivenangel 3y agoProbably another recession for no good reason.
- alephnerd 3y ago> the impact would be to us “regular folk” Have a 401K, a 403B, or a Government Pension? Most marketmakers tend to be Pension and Retirement Funds - they are the only ones with the actual liquidity needed to capitalize on market changes.
- Projectiboga 3y agoDue to fractional reserve lending, unwinding such a large cohort of debt could really cause problems. The 2008, and the 89-90 contractions both had effects beyond the notes and real estate.