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To be clear, it looks like we're talking about commercial real estate here.
by davidw 2y ago
To be clear, it looks like we're talking about commercial real estate here.
- deleted 2y ago[deleted]
- zer00eyz 2y agoAnd commercial loans look nothing like what you would use to buy a home with. Most of them are 5 year (there are others), interest only and a massive balloon payment at the end. They are written based on the income of the property & its value. We're seeing these markets unwind, and it isn't going to be pretty. Commercial property across the board (not just offices) has been in a strange place for a long time, and it isn't getting better.
- hi-v-rocknroll 2y agoCommercial real estate was a minor meme at one point. https://youtu.be/FbTR3lDuYqk https://youtu.be/FbTR3lDuYqk https://youtu.be/-eh_iNGY1wY https://youtu.be/-eh_iNGY1wY https://youtu.be/7Tzz7-aOKHU https://youtu.be/7Tzz7-aOKHU