"The social system of private property and limited government is the only system that tends to debarbarize all those who have the innate capacity to acquire personal culture."
~Ludwig von Mises
Jan 17, 2008
Jim Grant on commercial real estate
Rarely has commercial real estate yielded so little or appealed to so many as it does today. For that matter, rarely has it been priced so as to yield less than the cost of financing it.
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