“The urban doom loop is accelerating.
As commercial buildings empty and default, tax revenue declines, defunding city services like police, fire safety, and more.”
See also House approves funding bill, breaking promises on spending splits and debt ceiling demands.
The urban doom loop is accelerating.
As commercial buildings empty and default, tax revenue declines, defunding city services like police, fire safety, and more.
— Wall Street Silver (@WallStreetSilv) July 3, 2023
Bloomberg: Real Estate a “Debt Time Bomb” pic.twitter.com/V9zvBAcIum
— Peter St Onge, Ph.D. (@profstonge) July 3, 2023