Conversation

In US econ policy we're supposedly all about personal responsibility. If you get ruined it's your problem and you probably made some bad choices.

But when real estate developers massively overinvested in building office space that was clearly not needed, and now are left holding the bag, that's somehow our problem. We're supposed to save them from the hangover after their wild party.

The story is not that downtowns are fucked. The story is that developers went overboard.