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by pydry 2053 days ago
Might Deutsche Bank be sitting on a non performing commercial real estate portfolio?

Alan Sugar (British Trump equivalent) similarly issued a demand for people to "get their asses back in the office" after telling everybody his commercial real estate portfolio wasn't performing: https://www.standard.co.uk/business/lord-sugar-offices-prope...

https://metro.co.uk/2020/09/03/lord-alan-sugar-calls-on-gove...

3 comments

Hah yes this is definitely a part of it. Remote working spreads money around the country rather than concentrating it in expensive city-centres where the rich have stockpiled property.

Good riddance to them.

I came here to say that it was about commercial real estate incentives and glad to see someone pointed it out. Seems like the obvious reason why someone would suggest such an otherwise ludicrous idea, backed up by such fallacious reasoning. It’s a bit of an insult that they believe anyone would fall for it.
I'm a little surprised at the number of people analyzing this idea at face value rather than wondering what their motivation was for coming up with such a bizarre idea in the first place.
See, some people get it.