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by shard
1886 days ago
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Yes, real estate is a very regional thing, and places not affected by the S&L crisis and the dot.com crash would have different economics, for example in other countries. The place I had in my mind when replying to your comment was South Korea, where there are many mixed-use high rises with business or even malls on the first few floors, and residential above. I don't know the impact of S&L and dot.com on the economics of these buildings back when they were being planned and built, but seeing as how they are not an uncommon sight, and are sought after as residences, likely they had a different view than your analysis. |
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