https://www.cnn.com/2023/11/07/business/wework-bankruptcy-offices-real-estate/index.html
Even before this recession/depression really gets going 20% of office space is empty, just one of many problems for commercial real-estate. I have heard experts say that this is going to be for sure a disaster for owners and the banks and other holders of their debt and derivatives on that debt.
That a company that has never made a dime and was trying a business that has been tried many times over the decades almost never making money was once said to be worth $47 billion says a lot about what has gone wrong with America.
Even before this recession/depression really gets going 20% of office space is empty, just one of many problems for commercial real-estate. I have heard experts say that this is going to be for sure a disaster for owners and the banks and other holders of their debt and derivatives on that debt.
That a company that has never made a dime and was trying a business that has been tried many times over the decades almost never making money was once said to be worth $47 billion says a lot about what has gone wrong with America.