"Since their pre-IPO stock is still locked up, they’re taking out “quiet loans” — borrowing against their equity beforehand so they can put in an all-cash offer. "
What could possibly go wrong...
Depends on loan agreement I guess. Best case they are out of some worthless stock. Worst case well they overpaid for house and now their stock is worthless and they have to cover difference.
One of the most vocally progressive cities in the United States is the most regressive when it comes to actually improving real people's lives.
they’d be great at it if that was anyone’s goal there
when you think words carry the same impact as actions, you get these very poor outcomes. talk is cheap. it soothes the ego but doesn't move atoms.
Going off the actual definition, and not the political party that has historically used the term, the San Francisco bay area is one of the most conservative and least liberal regions in the country. The peninsula isn't even the most extreme, the north bay is.
The financing angle makes the headline more nuanced: all-cash bids can be a liquidity premium, not simply a preference to avoid mortgages.