Fri Apr 28 19:23:04 2023
(*6952cd93*):: lol mass detroitization
(*b05743e5*):: https://www.zerohedge.com/markets/vornado-shares-tumble-dividend-delay-disappoints-amid-cre-turmoil
Earlier this month, Kyle Bass, founder of Dallas-based Hayman Capital Management, explained office buildings in big cities need to be demolished because pre-pandemic demand is never returning. He insisted towers must be converted into apartments.
"It's one asset class that just has to get redone, and redone meaning demolished," said Bass.
*** ‘Big CRE Short’ Gains Momentum As Vornado Delays Dividend, Shares Plunge
*** “We are now approaching the eye of the economic storm, and I expect it will get even worse.”
*** ZeroHedge
(*6952cd93*):: +public!
