Posted on 03/02/2024 3:48:46 PM PST by george76
It’s my understanding they hold a ton of CRE.
of what, an order of magnitude??? 8^)
Not to mention the exodus of investors fleeing the organized crime foundation of the state.
It is even worse.
Despite abt 1/4 never returning to an office-
the office building projects are done years in advance.
Many of these cities have cranes building office space while an obvious glut already exists.
I’ve seen the future=tax hikes, spending freezes and inflation.
I guess the fortune cookie about interesting times was correct.
accidently omitted it also includes vulture capitalists buying some of this stuff for pennies on a dollar.
I’m sure you saw that Cardone pulled out of NY=noteworthy but not nearly as much as his interest in going into NY. He’s a successful, knowledgeable RE guy that must’ve thought some bargains could be brought to the table.
Wow🤦♂️🤦♂️🤦♂️🤦♂️
There was an article here about him after the Trump case.
What do make of the below?
https://www.fxstreet.com/analysis/fed-bank-bailout-program-ends-in-march-then-what-202402161921
Wasn 't the CFPB specifically created to prevent things like this?/sarc
Wasn 't the CFPB specifically created to prevent things like this?/sarc
“Just a rounding error.”
more like a decimal placement error: losses in “amended” report over TEN times the original report ...
RUH-ROH
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