"...statistics in the Las Vegas multifamily market, for example, suggest 43 active projects originated with bridge loans. Of those 43, 20 (47%) are distressed..."
Some truly disturbing distortion in the system. I wonder whether government and regulatory bodies will even be able to intervene and shape market outcomes in the future given repeated abuse of the power, a weakening dollar and potential market volatility or economic shocks.
In a free market, the government and regulatory bodies would have no mechanism to intervene, and the latter wouldn't even exist. But that's not the direction our system is going. So we are left to the devices of truly mediocre people masquerading as economists and "policy experts."
Market volatility and certain shocks will always exist, but in a free market where the individual choices of producers and consumers matter rather than the pronouncements of a political organization, at least the participants wouldn't be subject to "solutions" as bad as those described in the post.
Some truly disturbing distortion in the system. I wonder whether government and regulatory bodies will even be able to intervene and shape market outcomes in the future given repeated abuse of the power, a weakening dollar and potential market volatility or economic shocks.
In a free market, the government and regulatory bodies would have no mechanism to intervene, and the latter wouldn't even exist. But that's not the direction our system is going. So we are left to the devices of truly mediocre people masquerading as economists and "policy experts."
Market volatility and certain shocks will always exist, but in a free market where the individual choices of producers and consumers matter rather than the pronouncements of a political organization, at least the participants wouldn't be subject to "solutions" as bad as those described in the post.