Thanks for the full detail, that lines up with what I vaguely had a memory of hearing. It just sucks that it provides such a market distortion. Real estate has

Thanks for the full detail, that lines up with what I vaguely had a memory of hearing. It just sucks that it provides such a market distortion. Real estate has so many ways for “sellers” to ignore market price signals. Imagine if a retailer had a store where they hadn’t made a sale in 15 years yet they just kept dusting the racks and carrying the costs of that location on their books all that time. Only in commercial real estate can that happen. (Okay, probably in defense contracting somehow as well)