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submitted 1 year ago by Yuritopiaposadism@hexbear.net to c/urbanism@hexbear.net

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https://finance.yahoo.com/news/no-one-saw-coming-kevin-133000274.html

“No one saw this coming,” entrepreneur Kevin O’Leary said in a recent interview with Larry Kudlow of Fox Business. And O’Leary believes the issue will manifest itself in the regional banking sector. “These banks are going to fail,” he said, “because up to 40% of their portfolios … are in commercial real estate.”

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[-] SerLava@hexbear.net 21 points 1 year ago* (last edited 1 year ago)

God, imagine the incredibly cheap office space you'll be able to rent out if it really does collapse. Yes I think I will have a 2000 square foot former insurance brokerage to use as an art studio for 200 dollars a month split between 2 buddies

Living spaces as well, sometimes, but many buildings won't work for that.

[-] Dessa@hexbear.net 12 points 1 year ago

For 200 a month, I will find a way to make that a living space if it means I have to shit in a bucket

[-] Phish@hexbear.net 10 points 1 year ago

With the money you save in rent you could buy a pretty sweet composting toilet

[-] Beaver@hexbear.net 12 points 1 year ago

I wonder how many times over we could house every person without a home in idle commercial real estate?

[-] GarfieldYaoi@hexbear.net 9 points 1 year ago

porky-scared-flipped : "Whoa whoa whoa.....WHOA! Di....did you just suggest living on your own SHOULD be something that's NOT a luxury for the rich!?!? Why do you hate freedom? You're gonna live in the suburb forever, and YOU'RE GONNA LIKE IT!"