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[–]RR_2023 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (2 children)

For decades I've noticed how there can be vacant buildings, and yet still they build new buildings rather than occupy old ones. The vacant buildings become an eyesore. And they wastefully clear off some other lot, create a mess with construction, etc...

[–]InumaGaming Socialist 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Capitalism: Poverty in abundance

[–]sdl5 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

Used to be an easy write off of imaginary loses against real profits hand over fist elsewhere.

Or hold the land with no debt and sell to speculators later plans.

Before things went totally off the rails without the POP! usually involved.

C19 govt money and the lockdowns covered up a big commerical RE fall that was just starting to happen Fall 2019