(earnest voice, not scoffing)
How would that differ from the status quo? In both cases, the rent accepted is lower and the new valuation is based on it? Except now you can't defer pain at all?
How would that differ from the status quo? In both cases, the rent accepted is lower and the new valuation is based on it? Except now you can't defer pain at all?
So overall the market would be more efficient, rents would go downwards more quickly in terms of CRE downturns, and you'd have fewer vacancies with more units reaching a market-clearing rate.