this post was submitted on 30 Jun 2023
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Moving to: m/AskMbin!
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That right sizing has the financial markets running scarsd. Just like the 2008 home.mortgage securities crunch...the commercial property mortgage securities are about to tank and they were sold as much more secure than even how they faked the '08 mortgages.
That correction is going to be a mess. My company headquarters are in a medium-sized US city. We own (and used to occupy) two downtown office building, a mid-rise and a high-rise. Right now both buildings are mostly empty, with little prospect of them being occupied in the near future.