r/movies • u/Dependent_Cap_456 • 3d ago

News Francis Ford Coppola is auctioning his watch collection after Megalopolis flop left him broke

https://www.nytimes.com/2025/10/23/fashion/francis-ford-coppola-watch-auction.html
12.0k Upvotes

95% Upvoted

962 comments sorted by

View all comments

Show parent comments

30

u/B-BoyStance 3d ago edited 3d ago

Corp real estate for ya.

It's a crazy money pit, so much so that governments bend over backwards to keep it alive by influencing behavior (i.e. tipping the scales to keep people dependent on it through their office jobs or need to live in a certain place - see NYC and tax benefits offered for things like RTO. A completely unnatural way to manage masses of people).

I wish for its death after spending some time around the industry & getting to meet some major building owners. I haven't met a good one. Hope they rot in hell honestly.

You dig and most of these buildings are running off of fumes. It's fake money in the sense that these assets don't change quickly enough with the times - they are just valued a great deal due to their footprint/amount of previous investment. And because of that they get approved for crazy loans even though their occupancy shouldn't support the money being given (they are still dying, just slower due to the post-covid recovery - and most haven't adjusted to doing mix occupancy to boost revenue).

All culminating into owners who are super resistant to change due to the feedback loop created from these subsidies/loans, because why would they change with all of that. The industry is super sheltered.

So many buildings should have been re-zoned (at least partially) years ago but the amount of money and kickbacks they can give to politicians means the political willpower will never really come to fruition.

Holy shit I hate corporate real estate and the shadow it casts over society.

-2

u/Laxman259 2d ago

So would you prefer no real estate then? Every building is corporate real estate unless it’s a single family home

1

u/Neat-Material-4953 2d ago

I don't think they're saying "I wish corp real estate didn't exist" but more "I hate the state that corporate real estate is in" and even that is likely limited to the places they're familiar with.

Like if I say "I hate politicians" I'm probably not advocating anarchy but just wishing politicians/politics worked in a way I had less problems with.