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The loans against these buildings are my biggest concern here - these building owners may be about to default en-masse at a time when loan holdings are a big vu
by pclmulqdq 3y ago
The loans against these buildings are my biggest concern here - these building owners may be about to default en-masse at a time when loan holdings are a big vulnerability to banks. That may have some weird systemic consequences like it did with housing.
The city governments of SF and NY (which seem to have the biggest problems here) have honestly just gotten too big and will need to deal with the pain. The people living in the cities will survive, and honestly may have better quality of life when rent gets cheaper.
- shagie 3y agoA financial YouTube blogger that I watch (hedge fund manager, a university professor and a former investment banker - https://www.youtube.com/@PBoyle/featured https://www.youtube.com/@PBoyle/featured ). He seems to have the credentials ( https://www.kcl.ac.uk/people/patrick-boyle https://www.kcl.ac.uk/people/patrick-boyle ) and his videos are straight forward and accessible and not trying to sell you anything (other than the clearly identified paid sponsorship). His most recent video is on commercial real estate - https://youtu.be/5QtCC6eUn-k https://youtu.be/5QtCC6eUn-k