News for hackers. Stuff that matters.
Re:Nearly 12M Square Feet of Vacant Office Space in S.F by slickrick216 on Sunday October 25, 2020 @08:50PM (#24891689)
Because after 2008 the fed became one of the largest landowners in the country and by proxy have a vested interest in propping it up.
Re:Nearly 12M Square Feet of Vacant Office Space in S.F by culopatin on Sunday October 25, 2020 @09:07PM (#24891817)
The Fed as in the Federal Reserve you mean? Do you have a source? I think you may be confusing things.
Re:Nearly 12M Square Feet of Vacant Office Space in S.F by dredmorbius on Sunday October 25, 2020 @10:21PM (#24892266)
The US Federal Reseve holds about 30% of all US mortgages:

https://www.bloomberg.com/news/articles/2020-09-01/fed-s-mor...

Though I'd dispute that the Fed cares particularly about their valuation. The Fed's dual mandates are inflation and unemployment, not balance sheet returns.

Re:Nearly 12M Square Feet of Vacant Office Space in S.F by Guest42 on Sunday October 25, 2020 @10:11PM (#24892206)
They purchased I believe a third of the mortgages.
Re:Nearly 12M Square Feet of Vacant Office Space in S.F by refurb on Monday October 26, 2020 @01:22AM (#24893052)
Owning a mortgage (on the lender side) doesn't mean you own the land.