If you think the real estate crash in America is bad, take a look at the land of my people.
Zombie hotels, 60% of hotel loans in distress. Lloyds, the biggest lender to hotels in Ireland, is pulling out of the country altogether.
Yes, there are steps that can be taken to pull us out of this slump. No, those steps don't involve austerity measures.
In fact, if you want to see how well austerity measures work, I suggest you take a look at how that's working out for Ireland.
And no, we'll never again fill all the hotel rooms that will sit empty around the world. It's a whole new game out there, folks.
Batter up.
As the man says,
"It's a game of last man standing."
Although, who knows. Maybe last woman standing?
