FuglyDuck

FuglyDuck , 4 days ago to cat in Massive chonk

Oh… that’s definitely a dragon.

Better drop your grilled fish and all your gold.

FuglyDuck , 4 days ago to news in Boebert faces first election Tuesday since switching districts and the vaping scandal

Cursed Seuss

FuglyDuck , 5 days ago to news in Trump expects Biden to be a 'worthy debater' after spending months attacking his mental fitness

Can we just hand these two dueling sabers already?

FuglyDuck , 5 days ago to news in Fearing Losses, Banks Are Quietly Dumping Real Estate Loans

Sucks to be a CRO, heh.

FuglyDuck , 5 days ago to cat in Pink beanz

I thought OP liquified their toebeans for second…

(Pretty sure that’s pastey-snack stuff)(or it’s brain barf)

FuglyDuck , 5 days ago to news in Fearing Losses, Banks Are Quietly Dumping Real Estate Loans

the CRO isn’t there to stop risk, in the same way that HR/ethics-and-compliance people aren’t there to protect people.

FuglyDuck , 5 days ago to news in Fearing Losses, Banks Are Quietly Dumping Real Estate Loans

Because I didn’t read the article.

NYT’s has paywalls for days… I deal with a lot of property managers and this is more or less what they’re talking about. the banks could ease the problem by waiving the terms, but they’re electing not to.

FuglyDuck , 5 days ago to news in Fearing Losses, Banks Are Quietly Dumping Real Estate Loans

What’s hilarious is some of the crisis- at least in the commercial real estate space- was created by the banks.

when you take out a loan for commercial real estate- like office buildings and such like- it’s somewhat abnormal for the building to be monolithic in tenancy- most spaces are a leased out like apartments. The glaring exceptions to this are mega-corporate HQ’s like Amazon’s or Google’s or Apple’s.

The value of the property is then usually described by minimum lease per square foot. The owners/property management are then locked into keeping rates above that minimum by the lender as terms on the loans. When there was a comercial real estate boom in the late teens to early 2020’s… the value of commercial real estate skyrocketed… and so did this minimum.

when covid hit, the values plummeted and continue to fall. Demand has changed and fallen with remote work… and the rates are too high because all the corporate places dumped their offices and now the people wanting offices are more the start ups or professional types that don’t need massive amounts of space, and don’t want to or can’t spend 30-50/sqrft/month.

the landlords are going to go tits up because everybody always assumed property value would go up.

*Part of the change in how we use office spaces is now being more “social”- with office buildings adding in features you might expect to see in apartments; things like gyms, seating/booths/meeting spaces in lobbies, tenant lounges; rooftop patios, which also chews into the amount of revenue because that all takes up space.

FuglyDuck , 5 days ago to world in President Joe Biden ‘appalled’ by violence during pro-Palestinian protest at Los Angeles synagogue

Or selling off illegally settled real estate out of a synagogue…

FuglyDuck , 5 days ago to nostupidquestions in How can I improve my handwriting?

… how do you debug?!?

How do you copy and past everything from the broad shoulders of those who’ve come before?

FuglyDuck , 5 days ago to nostupidquestions in How can I improve my handwriting?

Hooched awn Foniqs Werked phone mini!

In any case I’d be shocked if handwriting wasn’t used for something other than note taking.

FuglyDuck , 6 days ago to news in "They want the votes": Ted Cruz says Democrats are pro-Palestine just for show

I could think of a few elections where I’d vote for that shit stain.

“Which Texas senator do you want to accidentally air dropped outside of Darfur?” Comes to mind.

The good news is there’s a lot of places American politicians probably don’t want to be air dropped, so plenty of elections…

FuglyDuck , 6 days ago to science_memes in No going back

Is it sort of like the friend zone?

FuglyDuck , 6 days ago to nottheonion in George Santos launches OnlyFans account to share ‘full behind the scenes access’

And when you fail at politics….

(Used to make jokes about OF….)

FuglyDuck , 6 days ago to world in Netanyahu claims Israel saw ‘dramatic drop’ in US arms shipments

I’m not sure if he’s trying to help biden… you know… by making it sound like Biden actually did the right fucking thing here and cut off the genocidal maniac… or trying to fuck biden; because we all know that Biden will ship harder for Netty-Boo