XPost: talk.politics.misc, soc.culture.usa, alt.survival
XPost: alt.elections

https://www.dailymail.co.uk/news/article-13084051/commercial-real-estate-banking-crisis-office-space.html

Commercial real estate 'debt bomb' of $929 billion comes due
this year with HUNDREDS of banks facing insolvency runs if
default rates on the loans spike

Some $929 billion in commercial real estate loans will come
due in 2024

About 14% of all CRE loans and 44% of office loans appear
to be underwater

Recent study warns of widespread risk of bank failures if
defaults spike to 10%

. . .

Hmmmm ... seems it wasn't THAT long ago that banks
making mass quantities of CRAP loans took it up
the ass.

NOBODY LEARNS A DAMNED THING !

They're gonna get it two ways. First, as writ, the bad
"commercial" real-estate/biz loans. There were also too
many loans based on THIS real-estate bubble, just like
during the last crash.

The inflated real-estate market IS beginning to crack
now, only idiots bought-in at the ridiculous prices
and nobody can afford the current market anymore.
Values could drop maybe 25% by the end of the year
and a lot of interests just ain't gonna pay those
bank loans anymore.

Alas, due to PostCovid/JoeFlation/etc, a huge number of
biz/office properties now stand vacant - no money being
made. When the loans come due - NADA.

The top "big banks" are probably covered - but the
smaller lenders, regional banks, a fair number of
of private lenders ... they're gonna HURT from this.
Some project that regional banks are just doomed
and Wells/BOA/Chase/Citi and a few others will be
only sure survivors. The SVB debacle last year will
be the pattern for many.

Banks try to seize the day ... make as many big loans
as possible in a short period when markets/etc are
rising. Top officers and some more shady interests
make good commissions/profits from that. Of course
it doesn't last - and then We The People wind up
bailing them out somehow. Time for CRIMINAL CHARGES
for criminally-negligent lending ???

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)