re: The actual upcoming real estate crisis. CRE loans and vacant office buildings

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And now you have the real reason they want a return to the office.

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Right now there’s IT groups with Humana they’re trying to push back into the office up to 3 days a week.

They had the audacity to say they weren’t productive from home and when asked for that data they couldn’t come up with it. Shortly after, they found out one of their higher ups was pushing for the return to justify a building they utilize.

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clean up the mistakes of idiot bankers.

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Bankers and whoever the bigwigs were at the companies who decided they needed prime real estate in certain marketplaces for their field.

SF is/was one of the highest sqft costs for any market in the US for commercial real estate, predicated on the idea that those jobs were NOT capable of being performed elsewhere or that they were in servicing people who were working those jobs.


WFH combined with city and state leadership turning SF into a third world country have it to where certain areas are already being defaulted from borrowers back to the lender because the property they are paying on is not worth the borrowed value BECAUSE the city won’t handle homeless people or crime.

For instance, convention travel to SF is supposed to be down majorly because the quality of life being in the area is crap compared to other places where conventions could be held.


Bankers lending on these properties were stupid but corporate leadership in a lot of these companies thinking they NEEDED office space in some of the highest priced and most crowded markets in the US are just as at fault.