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re: Another Biden success, Commercial real estate foreclosures jumped 117% in March

Posted on 4/19/24 at 11:18 am to
Posted by Bunk Moreland
Member since Dec 2010
54347 posts
Posted on 4/19/24 at 11:18 am to
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 by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
425838 posts
Posted on 4/19/24 at 11:22 am to
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? ( )

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