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Okay. Your building is now worth half of what it used to be. That's capitalism. Hiding value drops distorts the market and makes the balance sheet of property
by underlipton 2y ago
Okay. Your building is now worth half of what it used to be. That's capitalism.
Hiding value drops distorts the market and makes the balance sheet of property owners seem stronger than it actually is. This "discount" regime essentially pushes the risk of an economic slowdown, which owners should naturally carry, onto renters instead.