Something I read about Britain. The ratio of loans for existing properties vs loans for new construction or upgrades is 17 to 1.
Basically finance is 94% churn.
My company the owner of our old office sold it and the new owners commercial loan required he raise the rents to cover the new loan. Raise as in double out rent. That's capital being used for harmful level of extraction.
Basically finance is 94% churn.
My company the owner of our old office sold it and the new owners commercial loan required he raise the rents to cover the new loan. Raise as in double out rent. That's capital being used for harmful level of extraction.