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What the collapse of a company owing $300 billion means for the world
(www.businessinsider.com)
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this post was submitted on 03 Feb 2024
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The chickens are finally coming home to roost with the decades of bullshit in commercial real estate worldwide without proper regulation. This isn't unexpected to anyone with half a brain looking at the industry, which means it obviously completely blindsides major institutional investors who never even consider anything more than quarterly numbers in a vacuum. The pandemic exposed the systemic issues so quickly they couldn't just brush it under a rug with misinformation.
I'm not saying it's ideal or healthy.
But I don't see how the west would have an upcoming issue with real estate.
People are still willing to pay increasingly large amounts of money for real estate and when locals can't afford it they just bring in immigrants.
I'd be interested to know how the real estate valuation in the west is going to decrease.
I have a feeling that "too big to fail" will continue to be the mantra in the west for bailing these institutions out.
They got given loans that they had to pay back with interest.
But I don't see how the west are going to fail. What's happening in China is different to the west