Emeraldlight
User ID: 80816366 United States 02/29/2024 10:55 AM
Report Abusive Post Report Copyright Violation | "Who Could Be Next": Top Canadian Pension Fund Sells Manhattan Office Tower For $1, Sparking Firesale Panic New York during the inflationary surge of the late 70s and early 80s was a mythical place where one could purchase a Park avenue penthouse for $1 (while assuming the copious debt, of course). Now, thanks to the brutal bear hug of the highest interest rates in 40 years and the ongoing CRE crisis, those legendary days have made a comeback to the Big Apple, if only in the realm of commercial real estate for now. According to Bloomberg, Canadian pension funds - which until recently had been among the world’s most prolific buyers of real estate, starting a revolution that inspired retirement plans around the globe to emulate them because, in the immortal words of Ben Bernanke, Canadian real estate prices never go down... [ link to www.zerohedge.com (secure)] |
Anonymous Coward User ID: 86183635 Canada 02/29/2024 11:04 AM Report Abusive Post Report Copyright Violation | Re: "Who Could Be Next": Top Canadian Pension Fund Sells Manhattan Office Tower For $1, Sparking Firesale Panic if it is the teachers pension, i remember them from b4, controversies, crocodile tears. even the leftist teachers sees problem in New Jack Citi |
Emeraldlight (OP)
User ID: 80816366 United States 02/29/2024 11:05 AM
Report Abusive Post Report Copyright Violation | Re: "Who Could Be Next": Top Canadian Pension Fund Sells Manhattan Office Tower For $1, Sparking Firesale Panic if it is the teachers pension, i remember them from b4, controversies, crocodile tears. even the leftist teachers sees problem in New Jack Citi Quoting: Anonymous Coward 86183635 Wow that would suck |
Anonymous Coward User ID: 76004777 United States 02/29/2024 11:07 AM Report Abusive Post Report Copyright Violation | Re: "Who Could Be Next": Top Canadian Pension Fund Sells Manhattan Office Tower For $1, Sparking Firesale Panic Blackrock ran an ad on the tv, bragging about how they control all the pensions in the United States.
Canada too, probably. |