Commercial property values in the UK are down about 17% this year. Office blocks to work from home trend is hitting office values in tech cities like San Francisco and London. But mainly, it's the kind of like secondary offices by which we mean like lower quality ones where maybe they were struggling to find a tenant in the first place.
The price of everything is going up, but few things have risen as fast as rent. The rule of thumb used to be that housing shouldn’t eat up more than a third of your paycheck. But these days, a lot of people are handing over half or more of their income to the landlord. Why has rent climbed so high so fast–and is there any end in sight?
Real estate reporter Prashant Gopal joins this episode to explain how we got here–and offers a dose of cautious optimism for renters. And Neil Callanan, who covers corporate finance, gives a broader view of the consequences of turmoil in commercial and housing markets around the world.
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