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re: Another Biden success, Commercial real estate foreclosures jumped 117% in March
Posted on 4/19/24 at 9:45 am to LSUbest
Posted on 4/19/24 at 9:45 am to LSUbest
quote:
I opened a real estate agency website recently - never saw foreclosures/bankruptcies listed on one.
Information on which properties are distressed is hidden behind a paywall. Only realtors are supposed to have access to that information.
1
Posted on 4/19/24 at 9:49 am to WPBTiger
That's bidenomics for you.
Posted on 4/19/24 at 9:50 am to teke184
Did you open my link?
Look on the top menu bar.
Look on the top menu bar.
Posted on 4/19/24 at 9:53 am to wareagle7298
quote:
the street public seems largely unaware of anything like this.
Honest question, what do you expect “The street public” To do about this? They didn’t create this problem.
Posted on 4/19/24 at 9:55 am to SlowFlowPro
quote:Illegal aliens are accustomed to living in residences which don't have plumbing....
it's converting the plumbing to a normal residence would have been too expensive.
Posted on 4/19/24 at 9:58 am to roadkill
There were 3 stimulus bills/events 2 happened during Trump and 1 during Biden. Maybe you could say that Biden's made us slide off the cliff, but Trump had us lookinging over the edge with our toes dangling during an earthquake.
Posted on 4/19/24 at 10:08 am to SlowFlowPro
quote:
And Trump's
Trump's economy, prior to the China flu, ran at an inflation rate of ~2%, the accepted target rate.
The extraordinary spending in 2020 was a singular event intentionally created by China in collaboration w/their bought and paid for boy, Biden (barry soetoro, susan rice, et al), and his fellow America-hating leftist filth acolytes.
Every policy of the current regime has intentionally kept inflation hotter than necessary. The artificially low inflation rates being flouted now to fool useful idiots excludes energy, the primary inflation driver.
Posted on 4/19/24 at 10:10 am to roadkill
quote:
Trump's economy, prior to the China flu,
OK, cool. What kind of spending occurred during his admin after Covid hit?
Did that spending contribute to inflation?
quote:
The extraordinary spending in 2020 was a singular event intentionally created by China in collaboration w/their bought and paid for boy, Biden
Posted on 4/19/24 at 10:35 am to SlowFlowPro
COVID taught many companies that with the right people and tech in place 'work from home' can be as or more effective/productive as commercial office space. The technology needed to accomplish this is significantly cheaper, and by pushing the office space costs onto workers, they save even more. I'm sure the executives like their bottom line/bonuses staying fatter.
Many maintain data centers or have migrated to "the cloud" and keep little to no worker spaces, maybe hotseat a small cube farm for part time office stuff, and a conference room.
Many maintain data centers or have migrated to "the cloud" and keep little to no worker spaces, maybe hotseat a small cube farm for part time office stuff, and a conference room.
Posted on 4/19/24 at 10:45 am to dakarx
Exactly. The market was trending this way and Covid basically accelerated it exponentially.
Posted on 4/19/24 at 10:49 am to WPBTiger
Not a Biden fan but this isn’t Biden’s fault. Covid and remote work killed offices and People got really greedy with low rates. the fed quadrupled rates lots of pain is coming on anyone looking to refinance.
Posted on 4/19/24 at 11:10 am to SlowFlowPro
quote:
Did that spending contribute to inflation?
Yes, if you weren't a fricktard troll you would have realized I inferred that when I mentioned the extraordinary events of 2020 - I assumed that someone closing in on half a million posts (e.g., loser w/no life or friends) might have some reading comprehension skills and be able to connect dots at a "see Spot run" level - my mistake.
RE: your sophomoric (I'm being generous) attempt at humor to deny Biden being owned by China. I have seen the checks from China to the Biden family - what products or services were the Biden's multiple shell companies being paid for? The only answer is Joe and influencing policy in China's favor - tariffs gone, sell them oil from our SPR, open border to allow tens of thousands of military-aged China men to invade the US, etc.
Posted on 4/19/24 at 11:12 am to roadkill
quote:
I assumed that someone closing in on half a million posts (e.g., loser w/no life or friends) might have some reading comprehension skills and be able to connect dots at a "see Spot run" level - my mistake.
You brought up Biden.
Biden has nothing to do with the response to Covid during the Trump admin.
Literally, nothing.
Posted on 4/19/24 at 11:18 am to SlowFlowPro
I attend a lot of pension fund meetings and it's interesting to watch the investment consultants dance around on commercial real estate. They're the only items in these portfolios not doing well. The consultants mumble something about converting them to other use, but I don't think the outlook is good. I think when this came up a few months ago, pimp mentioned that it's more cost-effective to just demolish the buildings and start over.
Posted on 4/19/24 at 11:22 am to Bunk Moreland
quote:
I think when this came up a few months ago, pimp mentioned that it's more cost-effective to just demolish the buildings and start over.
It's usually the most logic-based outcome, but there is going to be a lot of craziness. Are major cities going to tear down old buildings? While building new ones? And to have banks tank? Will they hold onto hope of societal change and a rebound? Or just lower prices? (
) 
Posted on 4/19/24 at 11:25 am to roadkill
quote:
RE: your sophomoric (I'm being generous) attempt at humor to deny Biden being owned by China. I have seen the checks from China to the Biden family - what products or services were the Biden's multiple shell companies being paid for? The only answer is Joe and influencing policy in China's favor - tariffs gone, sell them oil from our SPR, open border to allow tens of thousands of military-aged China men to invade the US, etc.
Useless to respond. Their talking points have long been disseminated and they are dug in deep
Posted on 4/19/24 at 11:27 am to jlc05
quote:
Their talking points have long been disseminated and they are dug in deep
Are you talking about discussing the Covid spending under Trump when discussing the Covid spending under Trump....
or are you trying to argue this:
quote:
RE: your sophomoric (I'm being generous) attempt at humor to deny Biden being owned by China. I have seen the checks from China to the Biden family - what products or services were the Biden's multiple shell companies being paid for? The only answer is Joe and influencing policy in China's favor - tariffs gone, sell them oil from our SPR, open border to allow tens of thousands of military-aged China men to invade the US, etc.
is more applicable when discussing the Covid spending under Trump?
Posted on 4/19/24 at 11:32 am to KiwiHead
quote:
You really can't hang this on Biden in any sense since the WFH model was gaining a lot of traction before Covid. Covid just put it on steroids. If you are going to do the politician blame game then you would HAVE to give Trump equal billing....I don't hold either of them to this.
They are downvoting this, even though it is 100% correct, because they are cultists.
Posted on 4/19/24 at 11:32 am to WPBTiger
Oh yeah, Biden should definitely start controlling both private business and the labor market by mandating on-site work so that we can bail out corporate property owners and banks for their lack of foresight. /s
Posted on 4/19/24 at 11:35 am to reddy tiger
quote:
Oh yeah, Biden should definitely start controlling both private business and the labor market
Generally what this green deal is about.
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