Re:Office real estate crash will be so sharp, values unlikel...
by ChuckNorris89 on Sunday June 25, 2023 @08:35AM
(#36467561)
>But, long-term, no Ponzi pyramid can avoid collapse.
Both politicians and industry leaders know it will inevitably pop at some point, but since they have short terms while they're in charge and won't be accountable for long term consequences of their actions, they just want to make sure it doesn't collapse while they're in power, so they keep kicking the can down the road as long as their short tenure last, then it's the next guy's problem, rinse and repeat.
It's a result of chasing maximized short term returns at the expense of long term consequences.
Both politicians and industry leaders know it will inevitably pop at some point, but since they have short terms while they're in charge and won't be accountable for long term consequences of their actions, they just want to make sure it doesn't collapse while they're in power, so they keep kicking the can down the road as long as their short tenure last, then it's the next guy's problem, rinse and repeat.
It's a result of chasing maximized short term returns at the expense of long term consequences.