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by kuschku 3818 days ago
Much like what happened with lots of German companies, which had to sell off their real estate, then rent it back at higher costs, and then went bankrupt – while the investors had already sold off everything worth from the company.

This concept of US-Investors is known as "Cricket Plague Investor" (Heuschreckeninvestor) in Germany.

1 comments

If those companies couldn't survive renting real estate at market rates, they deserved to die as they weren't using their capital as well as other businesses.
The new investors used the real estate only to sue the first company to get money – after the first company went bankrupt, no one rented the real estate again, it’s empty now.

It wasn’t "at market rates", it was far above that, and just intended to bleed out every piece of property from the company and transfer it as profit to the investors.