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

Posted on 9/26/23 at 10:01 am to
Posted by scrooster
Resident Ethicist
Member since Jul 2012
38941 posts
Posted on 9/26/23 at 10:01 am to
Most sheople are not aware-enough to grasp what the above means, especially when combined with the high rate of credit card default that is happening right now ... but it ain't good.

It's gonna be a long drawn-out mess correcting itself and .... well, I'm not sure it ever will. The country is in decline.

I hope I'm seeing some semblance of a swing back towards rational thought and frugality amongs some Millennials and even some Gen Z types but ... I dunno. I hope they wake up and see the light.

Commercial real estate tanking. Not just office space but retail space as well.

Credit Card defaults at record paces, all-time worst, and there are always repercussions that follow.

Residential home values are hanging-on but demand in half the country is down as people flee blue states and mortgage rates continue to climb.

Inflation absolutely through the roof especially with the big two ... food and energy.

I've seen it before, in the 70s and early 80s and, to a far lesser extent in 2008-2012 ... but this is gonna be a bad one. People are losing hard earned money, leaking it like a sieve.
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