Subnostr

The most deadly two punches: higher interest rate and higher tax.

Fiat Shenanigans 🤡🌎 2y ago

Commercial real estate holders are choosing to default on half empty office towers rather than refinance the mortgages at higher rates.

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Fiat Shenanigans 🤡🌎 2y ago

https://financialpost.com/fp-finance/brookfield-defaults-2-office-towers-los-angeles#:~:text=Brookfield%20Corp.%2C%20parent%20of%20the,second%2Dlargest%20United%20States%20city.