RE: Vulture Capitalism and the Death of Sears
(Edited)
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I miss Sears! Their tools and appliances were the best. So many stores we grew up with are disappearing, JCPenney might be next. This vulture-capitalism/institutional investor frenzy is happening on a very large scale here in the US. They're snapping up real estate everywhere and driving residential/commercial rents up to unsustainable levels. This will probably push the real estate market off a cliff eventually.
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I think you're right. It's starting to resemble the real estate bubble that ran the prices in Japan up so high in the late 80s — and that bubble bursting led to more or less 3 decades of recession. I think the Japanese market still hasn't recovered from that.