re: A debt 'time bomb' looms for New Orleans' downtown office market

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The economic scenario we're in now has consumers trying to fight inflation by tapping their savings while also charging historic highs to credit cards

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This is causing

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Deflation is when there's low demand

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That's the inter-relation between inflation and deflation. CRE is too expensive and demand is decreasing. Prices need to decrease due to these market forces, but the issue is the debtload won't allow that easily.

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All of this is to say that for enough deflation to happen to help those businesses, it would mean the economy is already in a massive shitter to the point where it may harm the business' ability to pay. In other words, the cure may do more damage than the disease.

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The other option is publicly-financed inflation via class-specific protectionism.