The turmoil that drove Silicon Valley Bank and Signature Bank out of business, rocking the wider banking sector, has analysts bracing for the next possible crisis: the $20 trillion commercial real estate market.
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People who fail to grasp the big picture, or choose to ignore the combined impacts of poor planning, discriminatory zoning practices and the complexities required to fund affordable housing projects are among the first to argue passionately how much they feel sorry for the homeless – but just as passionately argue that they shouldn’t be allowed to live in their neighborhoods.
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