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I don't think it has anything to do with either that or with WFH. Rather, the increase in interest rates necessitate a general reduction in price on both comme
by impossiblefork 3y ago
I don't think it has anything to do with either that or with WFH.
Rather, the increase in interest rates necessitate a general reduction in price on both commercial and other property. WFH means that commercial property will be affected more, but it's something general.
Interest rates have gone from <1% to 5.5%, and if that's sustained there must either be such an increase in rents, which people would not be able to pay, or there must be a reduction in the price of commercial and rental property corresponding to the remainder.
- j7ake 3y agoIn this case, are deep discounts in residential property next?
- impossiblefork 3y agoI assume apartment buildings first. The people who actually own their homes aren't constrained in how irrational they can be.