News for hackers. Stuff that matters.

A comment on Pinterest cancels office lease in unbuilt project, citing work-from-home shift. Parent comment

Re:Pinterest cancels office lease in unbuilt project, citing... by DevX101 on Saturday August 29, 2020 @09:16AM (#24315856)
30% market correction will effectively wipe out many players in commercial real estate. Even less than that for many. Keep in mind, real estate is often highly levered so these property owners still have to pay a bank their money.
[ Parent | on HN ]
Re:Pinterest cancels office lease in unbuilt project, citing... by baskire on Saturday August 29, 2020 @11:28AM (#24316747)
They’d just be underwater. But if the property is cash flow positive, over time they’d recover.
[ Parent | on HN ]