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‘TURMOIL’: Commercial real estate foreclosures soar to new levels
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Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
I am a single father, I bought my daughter a house last month, I will continue to preach your name for the whole world to hear that you saved me from a huge financial debt with just a small investment, thank you Kristy Loreca, for saving my life.
They sending out mixed messages and holding out on the money….
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
What is going on is Biden said you will own nothing and he expects you to be happy about it. This is all by design and it’s tyrannical.
Of course, The Fed is going to protect the banks. The Fed IS the banks!
Rents are still to high also!!!
home prices are still unaffordable even price all the small price drops recently!!!😳😳😳😳
Hello i am learn trading in your trading videos are Nice But You're speak very fast in all video i am not understand fast language
It was the best of times. It was the worse of times.
New York City's tax base is hollowing out: Apollo Commercial Real Estate (ARI) announced a $1 per share write-down on its Steinway Tower loan. The average whole floor apartment at Steinway Tower has an excellent view of Central Park and runs about $20 million. The Penthouse goes for more than twice that. If this kind of property in NYC is taking significant write-downs it implies a meaningful hollowing out of New York City's tax base.
But the rates can’t go down if the bond market doesn’t recover. How does the bond market recover if they keep selling bonds at the clip they are selling them.
So she wants the fed to cut rates and cause hyper inflation instead of a recession…. No thank you
my realtor told one of his client purchased 1 million home paid in cash one million in CASH in a lots for poor people lol
Commercial real estate is in big trouble. There is something like $90 Billion in readjusting loans in 2024. And another same amount in 2025. And with rates around 8%, office space could be in a lot of trouble.
😂
Can you not find an actual expert to bring on your show? These fake twitter experts are embarrassing.
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