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- hackernews@lemmy.smeargle.fans
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feel like i’ve seen this one beforeBad commercial real estate (CRE) debt really is shaping up to become another subprime mortgage disaster.
I wonder if the commercial properties crashing will cause residential homes to fall too.
I’d hate for people to lose their homes but under this system and housing costs a housing crash might be the only way I could ever own a home. I’m so fucking sick of exorbitant rental costs and landlords.
Don’t worry, any liquidated residential property will be consolidated under a bigger, “more stable” firm than your current landlord. They’ll evict us, but up the properties, and then rent them back to us at higher rates. You won’t even get a chance to buy a home because all of this has been planned and is currently being executed.
Renting everything in your life provides them with more stable revenue streams until they can fuck things up even further, all at our expense.
I wonder if the commercial properties crashing will cause residential homes to fall too.
Doubt, it will be just taken over for pennies by even bigger shark.
we bailed them out last time, and they learned nothing… so we are letting them fail this time… right… RIGHT?
Oh they did learn something, specifically what they learned is that there is zero risk to making bad because public funds will be used to bail them out.
the entire system is based on stolen labor at every level and there are never any consequences for these fucks, why would this specific form of labor-stealing be special? :)
exactly
Ok fair… I did not account for their learning that there is no risk. That is my bad and I should know better
no it’s completely different it’ll be a different financial instrument that collapses the economy, you just can’t predict that silly!
so the wayback cannot get past the FT paywall anymore as far as I can tell
yeah, have to use archive.ph nowadays, although I find this plugin tends to do a good job most of the time https://gitlab.com/magnolia1234/bypass-paywalls-firefox-clean/
insert its going to happen again meme
