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The language used is funny... "deep discount" implies that the "real" or long term price is higher than the purchase price. Would "US Commercial property marke

The language used is funny... "deep discount" implies that the "real" or long term price is higher than the purchase price. Would "US Commercial property market plummets" be accurate? And obviously avoided by Bloomberg? I guess the question is what percentage of the properties currently changing hands are forced sales due to financing issues? Edit: And I've just realised that actually the Bloomberg article has a title: "The Brutal Reality of Plunging Office Values Is Here" And a url slug, "real-estate-lenders-confront-falling-us-commercial-property-prices". So apologies to Bloomberg

chiefalchemist 3y ago
If only they (read: banks and local govs) had financed the construction of more residential, and less commercial the system would be more in balance. As it is, there's a lack of residential supply, and an over supply of commercial. That said, the Fed's addiction to cheap money and other tricks to keep the economy propped up didn't help either.And now we're in a muck and paying for their missteps.
- le-mark 3y ago
  Lowering inflation, strong gdp, and strong jobs growth seems to indicate they’re doing something right. Or did I miss the point (I don’t watch fox)?
  - from-nibly 3y ago
    Good for you for not watching the red version of the propaganda?
    - k8svet 3y ago
      I know this is shocking to people but the people who.dont watch FOX probably don't watch the other crap either. you can leave the both-sides brainrot lie out.
  - chiefalchemist 3y ago
    They who made inflation rise? And are further squeezing the middle class to strengthen the GDP? And do notice they don't speak of the quality (read: income) of the jobs, only the quantity. They hide the ugly in those 50k ft aggregate metrics. Put another way...Trump in some polls is beating Biden. So suddenly it's not the economy, stupid? As it's said, perception is reality. Healthcare... up. Cost of automobiles... up. Cost of food...still up. Cost of clothing... up. Wages have not and still don't keep up with inflation. I trust you see where this is really going.
    - bboygravity 3y ago
      We're supposed to believe that Putin and Covid caused inflation last I read the news.
      - chiefalchemist 3y ago
        I believe them. They would never lie to us.
        k8svet 3y ago
        You're both clowns. It costs nothing to wave your hands and pantomime vague non-specific-to-absurdity conspiracy theories. Also, I've never heard a single person ever imply inflation is due to Putin. No, in fact the left is quite clear that inflation is the result of corporate greed. Might be worth inspecting why you'd rather throw out bs strawmen than engage with the actual dialog on the ground. Might force you to confront who the actual selfish villains are. But I don't have my hopes up. The only thing "they" want is to keep screwing you while keeping you too scared and batshit to see that CLASS WARFARE IS IN THE ROOM WITH US.
        chiefalchemist 3y ago
        Go here https://news.ycombinator.com/item?id=39410725 https://news.ycombinator.com/item?id=39410725 And then read the article there. There's a nice quote from someone at Citi (which confirms *exactly* what I said about jobs). And class warfare is *not* in the room, simply because the class that should be pissed off is too stupid, too distracted, and half of it too Left to reach lukewarm, let alone of boiling point. Clown? Nah. But it is fun sometimes to laugh *at* the blindly objective everything-at-face-value crowd on HN. Too book smart for their own good. Wouldn't know a lie if the media shoved it up their arse. Again.

chiefalchemist 3y ago

If only they (read: banks and local govs) had financed the construction of more residential, and less commercial the system would be more in balance. As it is, there's a lack of residential supply, and an over supply of commercial. That said, the Fed's addiction to cheap money and other tricks to keep the economy propped up didn't help either.And now we're in a muck and paying for their missteps.

le-mark 3y ago
Lowering inflation, strong gdp, and strong jobs growth seems to indicate they’re doing something right. Or did I miss the point (I don’t watch fox)?
- from-nibly 3y ago
  Good for you for not watching the red version of the propaganda?
  - k8svet 3y ago
    I know this is shocking to people but the people who.dont watch FOX probably don't watch the other crap either. you can leave the both-sides brainrot lie out.
- chiefalchemist 3y ago
  They who made inflation rise? And are further squeezing the middle class to strengthen the GDP? And do notice they don't speak of the quality (read: income) of the jobs, only the quantity. They hide the ugly in those 50k ft aggregate metrics. Put another way...Trump in some polls is beating Biden. So suddenly it's not the economy, stupid? As it's said, perception is reality. Healthcare... up. Cost of automobiles... up. Cost of food...still up. Cost of clothing... up. Wages have not and still don't keep up with inflation. I trust you see where this is really going.
  - bboygravity 3y ago
    We're supposed to believe that Putin and Covid caused inflation last I read the news.
    - chiefalchemist 3y ago
      I believe them. They would never lie to us.
      - k8svet 3y ago
        You're both clowns. It costs nothing to wave your hands and pantomime vague non-specific-to-absurdity conspiracy theories. Also, I've never heard a single person ever imply inflation is due to Putin. No, in fact the left is quite clear that inflation is the result of corporate greed. Might be worth inspecting why you'd rather throw out bs strawmen than engage with the actual dialog on the ground. Might force you to confront who the actual selfish villains are. But I don't have my hopes up. The only thing "they" want is to keep screwing you while keeping you too scared and batshit to see that CLASS WARFARE IS IN THE ROOM WITH US.
        chiefalchemist 3y ago
        Go here https://news.ycombinator.com/item?id=39410725 https://news.ycombinator.com/item?id=39410725 And then read the article there. There's a nice quote from someone at Citi (which confirms *exactly* what I said about jobs). And class warfare is *not* in the room, simply because the class that should be pissed off is too stupid, too distracted, and half of it too Left to reach lukewarm, let alone of boiling point. Clown? Nah. But it is fun sometimes to laugh *at* the blindly objective everything-at-face-value crowd on HN. Too book smart for their own good. Wouldn't know a lie if the media shoved it up their arse. Again.