Office real estate crash will be so sharp, values unlikely to recover by 2040

Re:Office real estate crash will be so sharp, values unlikel... by klodolph on Sunday June 25, 2023 @11:43AM (#36469403)

> In a ponzi scheme, money is deliberately directed to early entrants to cover the conscious absence of any mechanism to produce actual value.

I don’t think the “deliberate” part is particularly important. It sounds like you disagree. There’s a whole discussion to be had here about mens rea, and that discussion is important in the context of criminal justice, but I think it’s less important when discussing systemic problems because you need a different toolset (besides intent) to discuss problems with economic systems.

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Re:Office real estate crash will be so sharp, values unlikel... by JumpCrisscross on Sunday June 25, 2023 @04:40PM (#36472369)

> it’s less important when discussing systemic problems

It’s unimportant whether commercial property owners are fraudulently or not inflating their property values? That seems incredibly important to what kind of solution is appropriate.

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Re:Office real estate crash will be so sharp, values unlikel... by GauntletWizard on Sunday June 25, 2023 @04:47PM (#36472431)

Everything is worth what the market will bear. If you can achieve a price, it's a fair price - some relator, probably.

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Re:Office real estate crash will be so sharp, values unlikel... by epgui on Sunday June 25, 2023 @10:30PM (#36475042)

It’s just not true that every market price is fair. There are all sorts of sources of market inefficiencies, and this is one of the reasons why governments spontaneously arise or form.

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Re:Office real estate crash will be so sharp, values unlikel... by dragonwriter on Monday June 26, 2023 @01:24AM (#36476012)

Its...not.

Though it is one of the retroactive justifications for government from non-minarchist market ideologues.

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