Re:Office real estate crash will be so sharp, values unlikel...
by throw9away6 on Sunday June 25, 2023 @06:45PM
(#36473434)
Yeah but here it’s never actually your money and if the cycle breaks you are screwed anyway. If you fail with everyone else then you can say that nobody could have ever predicted this.
Re:Office real estate crash will be so sharp, values unlikel...
by sangnoir on Sunday June 25, 2023 @07:21PM
(#36473688)
> If you discover you’re in a Ponzi scheme, it’s in your interest to get your money out first.
You can either cut your losses and not get your money back (if you're an ethical operator), of you can actively or passively allow other people topit in their money so you can get yours out first. There are similarities where rational vested actors want the charade to continue for a little while longer - the more money you put in, the longer your commitment to the mirage is.
This is collective behaviour. If you discover you’re in a Ponzi scheme, it’s in your interest to get your money out first.