3 ms·
2024 will make for an interesting year for the debt world. Seems like everyone and everything has debts coming due. Commercial real estate no exception.
by axpy906 3y ago
2024 will make for an interesting year for the debt world. Seems like everyone and everything has debts coming due. Commercial real estate no exception.
- xyst 3y agocommercial real estate tumbles. Followed by municipal bonds tumbling. Cities file for bankruptcy. Growth stagnates permanently since the income from taxes does not fully sustain most cities today. This is largely due to highly inefficient city planning and infrastructure planning (suburban sprawl, highways, and continued dependency on car centric travel generate significant amounts of long term debt that accrue at all levels).
- FredPret 3y agoGrowth can now decouple from cities however. Whether they are run well or not is largely immaterial to the legions of remote workers who can simply leave or even emigrate but remain economically active at the same level or even higher.