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Is there any more to this story than "extend and pretend" that's been going on for 6 years?
by xnx 4mo ago
Is there any more to this story than "extend and pretend" that's been going on for 6 years?
- Schiendelman 4mo agoTell me more? As commercial leases are ending the owners are finally having to accept foreclosure or sell.
- randsorex 4mo agoCRE also includes warehouses, multifamily apartments, retail, hotels, data centers, medical. I think we kind of lucked out that we had the start of boom in 2023 instead of a recession. The diversification has allowed the office space price to correct without a contagion. As a general rule, any snappy memorable line like "extend and pretend" is almost always wrong and a distortion after awhile. The idea sticks around longer than it should because it is memorable, not because it has anything to do with reality.