Fearing losses, banks are quietly dumping real estate loans

Post by freitzkriesler2 » Tue, Jun 25, 2024, 2:31 AM UTC

api wrote: post #26

theandrewbailey wrote: post #22

> It’s an early but telling sign of the broader distress brewing in the commercial real estate market, which is hurting from the twin punches of high interest rates, which make it harder to refinance loans, and low occupancy rates for office buildings — an outcome of the pandemic. And that's what I think is behind much of the push for RTO. While a lot (if not most) office space is rented, corporate executives are the…

Real estate infuriates me to the point that I find myself hoping it burns to the ground and that the whole industry suffers. “Real estate always goes up” is treated like a damn entitlement to the point that the financial well being of everyone under 40 today has been sacrificed to it. In 2008 it felt like the entire real economy was put on the chopping block to bail it out. I’d love for a real estate market that look…

Post by jjav » Tue, Jun 25, 2024, 2:40 AM UTC

theandrewbailey wrote: post #22

> It’s an early but telling sign of the broader distress brewing in the commercial real estate market, which is hurting from the twin punches of high interest rates, which make it harder to refinance loans, and low occupancy rates for office buildings — an outcome of the pandemic. And that's what I think is behind much of the push for RTO. While a lot (if not most) office space is rented, corporate executives are the…

Post by jncfhnb » Tue, Jun 25, 2024, 3:02 AM UTC

jjav wrote: post #63

theandrewbailey wrote: post #22

> It’s an early but telling sign of the broader distress brewing in the commercial real estate market, which is hurting from the twin punches of high interest rates, which make it harder to refinance loans, and low occupancy rates for office buildings — an outcome of the pandemic. And that's what I think is behind much of the push for RTO. While a lot (if not most) office space is rented, corporate executives are the…

> corporate executives are the kind of people who could have a lot of money invested in commercial real estate Sure, many of them do. But there's something else they are far more invested in: their company (through huge pay and even larger stock option grants). I don't buy this meme that CxOs are willing to hurt company efficiency just to protect personal real estate investments, when for nearly all executive (I'm su…

Post by mitthrowaway2 » Tue, Jun 25, 2024, 3:06 AM UTC

jncfhnb wrote: post #65

jjav wrote: post #63

Earlier quoted context omitted.

> corporate executives are the kind of people who could have a lot of money invested in commercial real estate Sure, many of them do. But there's something else they are far more invested in: their company (through huge pay and even larger stock option grants). I don't buy this meme that CxOs are willing to hurt company efficiency just to protect personal real estate investments, when for nearly all executive (I'm su…

Agreed. But, companies are owned primarily by funds that in turn are exposed. If there is some pressuring to save real estate, it’s not the C suite, it’s the stockholding giants

Post by wyre » Tue, Jun 25, 2024, 3:14 AM UTC

rickydroll wrote: post #46

lwansbrough wrote: post #28

Earlier quoted context omitted.

Agreed. The de-risking of the housing market has been disastrous for The de-risking has come in the form of artificial scarcity caused by zoning gatekeeping and outdated fire code, amongst other things. It’s time North America took a hard look at the root causes and fixes them before there is a crisis of confidence in leadership (which is already happened to me - I’m moving out instead of buying in to the insanity.)

> The de-risking of the housing market has been disastrous for not(1%class) fify, the problems are class-based, not age/generation-based. the intergenerational conflict is fed by the 1% to keep us from paying attention to how they are robbing us.