“The urban doom loop is accelerating.
As commercial buildings empty and default, tax revenue declines, defunding city services like police, fire safety, and more.”
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 Mav (@WallStreetMav) July 3, 2023
Bloomberg: Real Estate a “Debt Time Bomb” pic.twitter.com/V9zvBAcIum
— Peter St Onge, Ph.D. (@profstonge) July 3, 2023