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Re:Pinterest cancels office lease in unbuilt project, citing... by JumpCrisscross on Saturday August 29, 2020 @01:23PM (#24317719)
> They would rather preserve their capital, bank on appreciation, and not deal with tenants than fall prey to deflationary pressures

New York and San Francisco laws capping rent increases also deter rent decreases. Particularly if the decrease might wind up being temporary.

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