Selbur

Just Say No to Commercial Real Estate Beggars

Author is spot on in his opinion. Just like the uninsured speeding motorist, most RE developers/borrowers generally are pinky-ringed slippery devils who overdose on risk at others' peril. For too long our system allowed them to make big levered bets with low-risk bank money, with all the spoils going only to the slimeball dice-roller. Or, if their deals go bust, neighbors, communities, banks etc all suffer. Hopefully those days are done.