The Clearest Sign Yet That Commercial Real Estate Is in Trouble

[jaxexpat]

3. The risks lenders took was within their own guidelines so fuck 'em.

They've had no problem with financing the biggest overbuilding of business suites since the serpent's "Eden Inc." fruit stand opened for business.

Funny though, there's been a monstrous demand for affordable and energy efficient housing since forever and there's been no money for that. "Too risky" they say. At the risk of coming off as redundant, fuck 'em. Where did these geniuses find evidence to support any hope for sustained development of "mom & pop" entrepreneurs in our current age? Do they actually think anybody can make a living wage and hire a work force to marginally value-add and sell over-priced things to people too poor to keep a roof over their own heads? Hell, the thrift stores are overstocked with boomer estate junk and mid-life divorce remnants.