With so much carnage building, it's amazing (not) to hear all the happy talk on CNBC/Bubblevision per Fleck, Bloomberg, even Fox business that Powell and the other thieves at the Fed have stuck it, and we'll all glide to a perfect landing. Who has list touch with reality? Them or us?
Just another socialist/commie scheme dressed up like a grotesque, capitalist zombie looking to expand "renter nation" where 95% of the serfs will never own personal property.........unless you count he plastic Chinese made crap they buy from Walmart as personal property.
Don't worry about the "syndicates." They rode in on borrowed money to further the commie agenda, and there's plenty more where that came from to bail them out. Sure, there'll be some consolidation, there's always consolidation of the syndicates........like Bear Stearns and Lehman we consolidated. But betting this is a systemic problem in a world of syndicate-friendly, printer money, would be foolish.
What happened to the billions in unpaid rent?........unpaid utility bills?..........unpaid car loan?.........unpaid student loans?..........during the scamdemic?...........They were syndicated.
So basically these firms fell victim to adjustable rate mortgages? lol
Any data as to why they were over leveraged? Were the properties distressed due to the rent moratorium, and these firms thought they could out last the moratorium? Or, despite the moratorium, the inventory was still stressed, pushing higher property values?
Either they were buying as business with a broken model. (Renters living off the property for free for a year or more), or these firms bought at the top using bad loans.
With so much carnage building, it's amazing (not) to hear all the happy talk on CNBC/Bubblevision per Fleck, Bloomberg, even Fox business that Powell and the other thieves at the Fed have stuck it, and we'll all glide to a perfect landing. Who has list touch with reality? Them or us?
Just another socialist/commie scheme dressed up like a grotesque, capitalist zombie looking to expand "renter nation" where 95% of the serfs will never own personal property.........unless you count he plastic Chinese made crap they buy from Walmart as personal property.
Don't worry about the "syndicates." They rode in on borrowed money to further the commie agenda, and there's plenty more where that came from to bail them out. Sure, there'll be some consolidation, there's always consolidation of the syndicates........like Bear Stearns and Lehman we consolidated. But betting this is a systemic problem in a world of syndicate-friendly, printer money, would be foolish.
What happened to the billions in unpaid rent?........unpaid utility bills?..........unpaid car loan?.........unpaid student loans?..........during the scamdemic?...........They were syndicated.
So basically these firms fell victim to adjustable rate mortgages? lol
Any data as to why they were over leveraged? Were the properties distressed due to the rent moratorium, and these firms thought they could out last the moratorium? Or, despite the moratorium, the inventory was still stressed, pushing higher property values?
Either they were buying as business with a broken model. (Renters living off the property for free for a year or more), or these firms bought at the top using bad loans.
https://www.bloomberg.com/news/articles/2023-12-14/manhattan-apartment-rents-see-first-year-over-year-drop-since-2021
Very interesting 👍
Excellent article. Written for general understanding of the subject. 2024 is going to be soup line year all around the business world. UGH!!!!