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Bilbo'sBitch's avatar

Great post, I just saw this, now I don't have to do a post on this subject.

A real HARBINGER in my most humble opinion.

https://www.zerohedge.com/markets/who-could-be-next-largest-canadian-pension-fund-sells-manhattan-office-tower-1

You don't sell shit for $1 unless you can't get out, and you don't want to be stuck with the burn for upkeep, taxes, or liability

So Canadian reminds me of the $1 boats, you used to be able to buy real floating 'ships' in Canada for $1, same deal it might cost the owner $100k USD to 'junk' a boat for scrap, based removal of toxic waste, it was cheaper for an owner to just sell for $1 and make it somebody else problem

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Tarn - mutual eye-rolling's avatar

It's not really a $1 building if it comes with millions of dollars debt.

Not good for the retirement funds, hence more MAIDS.

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