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One of the large commercial real estate office parks near where I live is mostly owned by the state employee pension fund of New York State. Taking $800B out of
by mikece 3y ago
One of the large commercial real estate office parks near where I live is mostly owned by the state employee pension fund of New York State. Taking $800B out of office value isn't only going to affect rich landlords, it's going to affect everyone.
- toomuchtodo 3y agoLots of exposure to go around, but doesn't seem to be excessively concentrated or systemic. There will be losses though. https://www.axios.com/2023/04/12/commercial-real-estate-regional-banks-loans-maturing https://www.axios.com/2023/04/12/commercial-real-estate-regi...
- gerad 3y agoRound two of banks getting hammered. It’s going to be a bumpy ride.
- deleted 3y ago[deleted]