8mo ago

Fearing Losses, Banks Are Quietly Dumping Real Estate Loans

www.nytimes.com Fearing Losses, Banks Are Quietly Dumping Real Estate Loans

If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.

If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.

Hard times are likely ahead for a lot of people. Mind your expenses and plan to save where possible just in case. Apologies for having a doomer outlook; I'm very cynical about capitalism, especially in the USA.

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8mo ago

Fearing losses, banks are quietly dumping real estate loans

www.nytimes.com /2024/06/24/business/commercial-real-estate-loans.html

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96 comments

Hey, I've seen this one!
- What do you mean you've seen this? It's brand new.
  
  Nah, it’s a repost from late 2007.
  Sorry, I mean a repeat of late 2007, the fourth or fifth “once in a lifetime economic crisis” for millennials that will somehow magically end with billionaires owning an even larger percentage of the GDP.
  “How could this possibly happen, again, again, again, again,” will cry the ~~economists~~ billionaire simps.
  
  What's a repost?
  Are you back from the future or something?
  
  They're just pointing out that history is repeating itself because we learned nothing from 2008
  
  My bad, I should have put a "/s" on all my comments in this thread.
  Those lines are directly out of a movie. Except they say rerun instead of repost. It just seemed that the OP was driving one of these:
  
  If it makes you feel any better, I liked your joke and even read it in raccoon hat kid's voice.
  
  You know what, that does make me feel better.
  But I guess those jokes stunk like manure! I hate manure!
  
  I'll take the woosh. We'll played.
  
  Isn't this just going to be "great recession 2 office building bugaloo?"
  Part 1 was the great recession caused by sub prime loaning assholes and combined debt packages.
  Similar story different players apparently...

96 comments