Competition in AI eventually converged on the price of energy.
Who looks like they are trying to convince people they are holding the cards? vs Who looks like they are actually holding the cards?
Some are realising losses now, and on the flip side the buyer in the same deal sees value despite the capex, unless the plan is to demolish (attractive discount may help the economic case)
https://www.bisnow.com/new-york/news/office/ubs-auctions-off-office-tower-for-975-loss-125334
Downtown commercial Real Estate is not only MASSIVELY impaired, but it’s insanely illiquid…best of luck to the owners when the currency and credit collapse starts accelerate.
IMHO we ain’t seen nothin’ yet…and speed of settlement is going to be of the essence.
https://www.zerohedge.com/markets/older-office-towers-cities-face-tsunami-trouble
Large employers are pushing for return to office mandates, and corporate media are trying to help spin that this is a good idea, and what people want. The vacancy levels in aggregate that everyone can see with their own eyes tells you the truth despite the legacy media spin.
nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspzfmhxue69uhhqatjwpkx2urpvuhx2ucpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqgmwaehxw309ahx7um5wghxyarr94kxjcnjv9e8jtnrdaksfdrqw7's conversation with nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgmwaehxw309aex2mrp0yhxy6t5vdhkjmnsv9exktnrdaksz8rhwden5te0dehhxarj9ekh2arfdeuhwctvd3jhgtnrdaks9hhj2c was absolute fire 🔥, watch it at 7 hour mark on.
Zapping everyone that comments and spreads the word.
Thank you for sharing 🙏