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Because they locked in at high valuations. They start cutting prices and the whole house of cards start falling like dominos. Checkmate.
by wombatpm 2y ago
Because they locked in at high valuations. They start cutting prices and the whole house of cards start falling like dominos. Checkmate.
- JumpCrisscross 2y ago> They start cutting prices and the whole house of cards start falling like dominos. Checkmate. This is also true in a bank run. Yet those still happen. And I don't think it's because commercial landlords are more altruistic or forward-thinking than depositors.