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Heh, your more cynical than my former college roommate and that is a high bar :-). I choose to believe that both things can be true, if the rents evaporate the
by ChuckMcM 2y ago
Heh, your more cynical than my former college roommate and that is a high bar :-).
I choose to believe that both things can be true, if the rents evaporate then so will the 'juice' and they will offload those holdings. Also, the demand for produce, and the externalities of tariffs, will create opportunities for produce produced domestically.
- brudgers 2y agoI’m not cynical. There are many many good people in the world. Historically they are not in power kind of by definition because power != strength IE the disenfranchised can be strong but cannot be powerful. And folk wisdom does not apply to significant wealth. Significant wealth doesn’t operate paycheck to paycheck. Charles Windsor is not going to liquidate his real-estate because rents went down because the Windsors are not leveraged. Extrapolation from personal American home ownership experience (or SMB experience) to big girl real-estate is a category error. Events in the Crimea and currently in Ukraine are the cheapest way to acquire that real estate…in terms of money. Land reform doesn’t happen by thinking.