alt Hacker NewsI have the capacity to pay someone to dig a hole and fill it in. Would that be a wise use of my resources?
We're talking about the whole sector here, not one borrower. Huge swathes of commercial real estate are sitting empty, that's a big ongoing problem for everyone whether the loans are being serviced or not.
Replies
grebc • today at 12:50 AM
Dig and fill away dear fellow, that's what this site does best.
The whole sector doesn't have a vacancy problem. And it's not a problem for the banks nor the owners if they're servicing their loans. Sure they're not making money but that's not your or anyone else's problem either.
Have you heard the story of Boeing and the "cost-plus" contracts? Digging a hole and filling it in can be quite profitable!