Tag

Obsolescence

All articles tagged with #obsolescence

music2 years ago

"Unlocking Affordable Opportunities in the Organ Market: A Guide for Savvy Buyers"

The author, a self-proclaimed bad guitarist and hoarder of guitar toys, finally acquires a Leslie speaker, a musical implement introduced as an organ accessory in the 1940s. Despite the challenges of obtaining a Leslie in the past, the author finds one for free from a woman giving away her deceased musician father's instruments. While the market for organs and pianos has dwindled, the author is excited about his new acquisition. However, he now faces the task of figuring out how to use the Leslie with his guitar, which requires additional investment.

real-estate2 years ago

The Obsolescence of Office Buildings: Impending Losses for Banks and Investors

Many office buildings, particularly lower-tier Class B and lower-grade Class A buildings, are at risk of becoming competitively obsolete, leading to potential losses for banks and investors, according to Scott Rechler, CEO of RXR Realty. The US office vacancy rate has reached an all-time high, and distressed office space is being acquired by banks such as Goldman Sachs. Rechler predicts that more distressed inventory will hit the market, potentially causing prices to drop. However, regional banks face a greater risk from multifamily properties than office buildings. Experts warn of a potential commercial real estate crash, with office prices possibly plunging 35% in the coming decades.