Yes precisely, if things become systematic then there is no avoiding the new reality.
I am no expert on real estate I used to be a property accountant at an international commercial property company and so used to compute out growth rates on rent and valuations for owners.
I do find WW's business model difficult to follow, there maybe something I fail to appreciate, I guess time will tell.
I understand that, and thus the question about WW being a canary in the economic coal mine. If there are more and more building owners who literally can't afford to "preserve the valuation" - and WW's success seems to hint at that - then doesn't that say something about the economy that aggregate numbers aren't seeing?
I understand the theory of "preserve the valuation", what I suggesting is that in reality less and less building owners are able to preserve that theory. And some of that is direct result of demand (read: the lack there of) not being in parity with demand.