Downtown commercial Real Estate is not only MASSIVELY impaired, but it’s insanely illiquid…best of luck to the owners when the currency and credit collapse starts accelerate.
IMHO we ain’t seen nothin’ yet…and speed of settlement is going to be of the essence.
https://www.zerohedge.com/markets/older-office-towers-cities-face-tsunami-trouble
I mean that’s the play…try to keep it unrealized long enough…but where the property value will really start to struggle is on the massive CAPEX and growing vacancy (or rates they can charge)
The highlight of the week in Riga for me was the Nostriga event.
As we move forward, there is still a ton of work to be done on Nostr. In particular, we need great ideas and adversarial thinking when it comes to ensuring relays remain decentralized while still having economical incentives. Additionally, secure peer to peer and group chat needs to be built and integrated. If you’re a pig developer this place is your mud.
Massive thanks to @jack, @Marce, and @Anna for the incredible effort and resourcing putting Nostriga together. So thankful for the do’ers protecting global free and open speech!
https://m.primal.net/KRLh.jpg
Super talented developers are now spending their time to build the infrastructure on NOSTR to ENSURE free speech around the world will continue to exist regardless of what government clowns attempt. And boy am I here for it!
@miljan from @primal in Riga.
https://m.primal.net/KLux.jpg
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