There are lots of problems coming at us fast. This actually seems like one of the lesser issues as it mostly only affects land lords and banks. Even worse than this is wages not keeping up with inflation and tons of people having to turn to credit cards to maintain their lifestyles with no real way of being able to pay them back, especially when the interest rates have gone up even more.
All we can do is prepare as best we can....stock up!There are lots of problems coming at us fast. This actually seems like one of the lesser issues as it mostly only affects land lords and banks. Even worse than this is wages not keeping up with inflation and tons of people having to turn to credit cards to maintain their lifestyles with no real way of being able to pay them back, especially when the interest rates have gone up even more.
Oh, and the whole slow burn on world war three.
All we can really do is watch and hold onto our butts.
The key point here: they're using our deposits to leverage their positions. This includes your savings, my 401k, and John's pension. It's also going to smash the budgets of those urban governments, and they've never been good at reduction.mostly only affects land lords and banks.
*cough blackrock cough* and assorted other WEF entities we can only assume.When those commercial property owners default on their loans, let's talk about who is lining up to buy them at a discounted price!
Never take on variable interest debt & leverage off that. They are getting hit with inflation & rising interest rates.Just more evidence that doing stuff with debt that keeps you leveraged up to your eyeballs is dumb.
My guess is that people who buy commercial properties with cash are still sleeping pretty good at night.
As have we. Everything is paid for except the house, and we could do that with a check. We have been building cash reserves both in and out of the credit union. I invested heavily in steel, brass and lead long ago.Spent the last two years tightening the belt and cutting down to the bone.
**** the central state. **** the central planners. **** the centralizers.
P*** off, @indyjohn. I ain't sellin' you chit at no deescount.When those commercial property owners default on their loans, let's talk about who is lining up to buy them at a discounted price!
True, but the leases are longer term. So it's taken this long to start to see those non-renewal rates.commercial RE has been a problem since 2020.
When those commercial property owners default on their loans, let's talk about who is lining up to buy them at a discounted price!
Good point. The regional issues that have been around here and there are about to get noticed nationally.True, but the leases are longer term. So it's taken this long to start to see those non-renewal rates.