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20 sats \ 2 replies \ @Undisciplined 30 May \ parent \ on: COVID ZIRP Triggers ABCT in LV Industrial RE econ
I was thinking about all the businesses moving out of California. I get that they misallocated resources towards it, for all the typical ABCT reasons, but I'm almost surprised they were even able to keep up with that demand growth.
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40 sats \ 0 replies \ @Rothbardian_fanatic OP 30 May
but I'm almost surprised they were even able to keep up with that demand growth.
I think that the RE growth came about because of the zero rates, that after inflation were actually negative. Another factor to consider is who is running Vegas. I think they can get things done in the most amazing of circumstances, voluntary or not.
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37 sats \ 0 replies \ @Rothbardian_fanatic OP 30 May
Another current article about what is actually ABCT Malinvestment would be: https://www.zerohedge.com/personal-finance/billion-dollar-ghost-town-surrounds-under-armor-headquarters It points out the results of the ZIRP on commercial real estate.
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