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Reply to "UMich regent donates $30M days before "reopen" decision -- he is largest landlord in Ann Arbor. Wow!"
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[quote=Anonymous][quote=Anonymous]He’s a real estate guy - [b]he’s leveraged out the wazoo, [/b]even if he is a billionaire. If his real estate assets stop producing rent, the [b]entire house of cards[/b] will fall. It’s also not just about the housing. He [b]probably owns a ton of commercial RE[/b] too, which is already being slaughtered. He [b]likely can’t juggle defaults on both[/b] commercial and residential RE. If schools didn’t reopen, He’d l[b]ose a ton of properties to the banks[/b] and would [b]go into an asset fire sale[/b]. The value of university-owned real estate would also plummet, including income producing RE.[/quote] Here is a clue for you. If you have to build six or seven assumptions into your theory, it is a BS theory. Look up Occam's razor. [/quote]
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