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Billionaire Barry Sternlicht on the ‘category 5 hurricane’ hitting office buildings: Some will become parkland, ‘Maybe fields of grain or something. It’ll be very pretty’
Yahoo Finance ^
| 7/21/23
| Will Daniel
Posted on 07/21/2023 12:48:13 PM PDT by CFW
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To: CFW
21
posted on
07/21/2023 1:45:47 PM PDT
by
TornadoAlley3
( I'm Proud To Be An Okie From Muskogee)
To: CFW
22
posted on
07/21/2023 1:47:24 PM PDT
by
Vendome
(I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
To: chickenlips
You can bet most of the real estate developers left holding the bag gave a lot of big donations to the Democraps. That's why one can expect them to bailed out by the feds on our dime, just like Silicon Valley Bank's (SVB) larger depositors were bailed out.
To: CFW
Sternlicht? I bet he was teased as a yute.
To: All
The question is how will Barry Sternlicht and his ilk get the taxpayers to bailout his investment mistakes. Perhaps Sternlicht has Janet Yellen and Gary Gensler on his speed dial.
25
posted on
07/21/2023 2:09:23 PM PDT
by
thegagline
(Sic semper tyrannis! Goldwater in 2024 )
To: T.B. Yoits
That’s what I am, 566 miles from the office.
26
posted on
07/21/2023 2:29:44 PM PDT
by
EEGator
To: Round Earther
Wasn’t Risk Management the problem in previous crashes?
27
posted on
07/21/2023 2:32:05 PM PDT
by
EEGator
To: TornadoAlley3
They’ll be like the megastructures in Dredd.
Just crack, murder, and whores.
28
posted on
07/21/2023 2:34:16 PM PDT
by
EEGator
To: CFW
I suspect we will see .gov programs to save office buildings and real estate soon.
Why? Tax revenue. The government HAS to save them, or die.
Things are going to get interesting kids.
29
posted on
07/21/2023 2:36:29 PM PDT
by
redgolum
(We are not going to make it, are we. )
To: EEGator
Yes, failing at risk management is risky.
To: AAABEST
Correct.
The implications make 2008 look mild.
And, once you go remote, you are competing with everyone in the world for the same job. I think Croatia and India can do things cheaper than New York.
The decline is baked into the bread already. What is an open question is if we will get a government ending collapse at the local, state, federal, or international level. The various governments can see this, and are not just going to let San Francisco or New York decline while Idaho and Ohio stumble on.
31
posted on
07/21/2023 2:40:46 PM PDT
by
redgolum
(We are not going to make it, are we. )
To: CFW
How did those lockdowns work out?
To: AAABEST
And if you can live anywhere and telecommute, why live in places where the cost of living is high?
33
posted on
07/21/2023 2:44:08 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: Round Earther
Maybe start a derivative department…Risk Management of Risk Management.
Risk Management (dx/dt)
34
posted on
07/21/2023 2:48:10 PM PDT
by
EEGator
To: EEGator
Cue up movie Margin Call.
35
posted on
07/21/2023 3:00:03 PM PDT
by
Mouton
(US Home to one party rule)
To: wildcard_redneck
36
posted on
07/21/2023 3:00:17 PM PDT
by
ConservativeMind
(Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
To: Mouton
That’s crazy. It’s on my screen right now on pause…
37
posted on
07/21/2023 3:03:59 PM PDT
by
EEGator
To: Trailerpark Badass
38
posted on
07/21/2023 3:07:03 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: Mouton
Cue up movie Margin Call. 
He was so brilliant in that movie.
39
posted on
07/21/2023 3:08:15 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: Trailerpark Badass
Once there were parking lots
Now it’s a peaceful oasis
You’ve got it, you’ve got it
40
posted on
07/21/2023 3:17:21 PM PDT
by
Right Brigade
(It was better before they voted for whats his name,this must be the New World)
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