A lot of these projects are financed with rent projections as part of their valuation to lock in loans and attract investors. So lowering rent wouldn’t be an option as it would make the problem worse.
I think the most likely outcome is that the various investment banks and their lenders will come to agreements on loans. If the problem gets too big the various governments will bail them out, but most likely a few will buckle and have their projects picked up by others with no real change happening.
If you want cheaper rent you’re going to need political intervention.
I think the most likely outcome is that the various investment banks and their lenders will come to agreements on loans. If the problem gets too big the various governments will bail them out, but most likely a few will buckle and have their projects picked up by others with no real change happening.
If you want cheaper rent you’re going to need political intervention.