from WallStForMainSt
The cash flow problem in the real economy threatens holders of US commercial real estate as the overwhelming majority of that real estate was purchased with massive amounts of debt to increase investment returns. Nareit estimates that the 2018 total dollar value of commercial real estate was between $14 and $17 trillion, with a mid-point of $16 trillion. https://www.reit.com/data-research/re…
Top bank analyst Christopher Whalen put out another article on his free blog in the last week about a commercial real estate bust. Sizing the Commercial Real Estate Bust https://www.theinstitutionalriskanaly…
Zero Hedge version of Chris’ article with more research, charts & graphs: https://www.zerohedge.com/markets/siz…
Whalen predicted the 2008 real estate crisis years in advance with his excellent analysis and key industry contacts throughout banking, real estate and the mortgage financial industry.
Billionaire investor Carl Icahn has been shorting commercial real estate for months: https://www.gurufocus.com/news/107393…
The Commercial Real-Estate Market’s Impending Crash https://daily.jstor.org/the-commercia…
Social Distancing = Financial Armageddon for Commercial Real Estate and Big Cities https://www.theinstitutionalriskanaly…
Dire prospects for Houston’s commercial real estate market as pressures mount https://www.houstonchronicle.com/busi…
Commercial Real Estate’s Havens Suddenly Not So Safe https://www.wsj.com/articles/commerci…
Residential Real Estate Articles:
1) A housing ‘apocalypse’ is coming as coronavirus protections across the country expire https://www.cnbc.com/amp/2020/06/10/h…
2) Quicken Loans, the largest U.S. mortgage lender, is planning an IPO, sources say https://www.cnbc.com/2020/06/11/quick…
Lightfoot Says Property Tax Increase on the Table as City Faces $700M Budget Shortfall https://www.nbcchicago.com/news/local…