Tishman Speyer: here, you take it!

Back in November, I noted and discussed a nice post from Calculated Risk on so-called “strategic defaults.” I had wanted to highlight how, it seems, we hold homeowners to a higher standard of behavior than that of corporations. When homeowners walk away from a mortgage, you’d think they had just brained kittens to death, yet when corporations hand properties back over to creditors, there is hardly a peep.

Puts Tishman Speyer’s Stuyvesant Town/Peter Cooper Village debacle into perspective, no?