• Mango@lemmy.world
    link
    fedilink
    arrow-up
    8
    arrow-down
    1
    ·
    4 hours ago

    Why is even the writer of the article lying about the reason? Everyone knows this is about real estate value propping up the stock price.

    • peopleproblems@lemmy.world
      link
      fedilink
      arrow-up
      6
      ·
      2 hours ago

      Man, there are people who will argue until they are blue in the face that the purpose is not real estate.

      The “only” evidence I can provide is that the values of proximal commercial properties is rapidly losing value because the workforce that provided business to those properties is no longer there. And just because the properties have investments made by the company doesn’t mean they own them outright (despite the value tying into their businesses net worth).

      Of course they would lie about this. It doesn’t benefit the real estate owners and the business to publicly share that investments are losing value because of natural economics. The entire financing industry is based on lies to begin with, can’t change that now (/s).