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downboat OP t1_j9st083 wrote

Reply to comment by aeplus in Pimco-Owned Office Landlord Defaults on $1.7 Billion Mortgage by downboat

I'm going to strategically buy Allianz PUTs on margin (parent company of PIMCO) and if I lose the bet it's fine because it was done "strategically" img

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[deleted] t1_j9tvvks wrote

[removed]

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Yochefdom t1_j9usjuk wrote

Isn’t this what the entire NYC economy/401k system relies on?

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mauiog t1_j9vg0g0 wrote

Yes. SF is having the same problem. Empty offices downtown and no one wants to return to commute thru human shit and car jackings.

If you pay attention the mayors from both cities have been in the news unsurprisingly pushing for companies to return to offices. Lol

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silicon_replacement t1_j9wr8gc wrote

The real vacancy rate is even higher, as some employees only need to go to office twice a week,

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kingoftheplebsIII t1_j9utidx wrote

Man, I thought I was so clever dumping cash in PLD thinking it's the easiest investment ever, then it tanked to below 100 bucks like 3 weeks after I bought in.

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Asset_Selim t1_j9wckb4 wrote

Thank you for your sacrifice, just let us know next time so we can buy puts.

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