Low interest rates sent money pouring into real estate, transforming cities around the world. But pandemic lockdowns emptied out business districts and tenants have been slow to return. Now commercial real estate is in trouble, and the consequences may extend across the global economy. Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals
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Watch more of our News Spotlight documentaries👉https://www.youtube.com/playlist?list=PLqq4LnWs3olXOhUOv4O6r-9OdWTQN83se
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whole world is a ponzi pyramid scheme. one giant corporate organized crime ring
When is the zoning going to change to residential
No wonder Don Trump wants to dump overvalued properties.
Property prices are too high and rents are ridiculous. What economy can survive when rents are eating all the money
Cities and states need professional investment office specifically geared to buying these assets for pennies and converting them to housing. Like some have done for medical debt. No more bank bailouts! Let the market set rates.
just you wait, picture NYC looking like a Chinese spec built city
Still assumes me that the small businesses lost out during the pandemic but large corporations didn’t. And now COVID is to be treated like the flu lol
Turn the oversupply of commercial real estate to affordable housing.
… things could still go badly wrong…
Who wrote this?
America needs an entirely different class of stewards than the ones we've hired to run OUR government…
Discount recycle intelligent
Hi everyone, In order to maximize the growth of my $400k portfolio during the upcoming bull market, I am actively looking for new ways to invest and diversify it. Any suggestions?
Stop listening to the WHO! Democrats!
There’s a simple solution, lack of affordable housing is absorbed by commercial office vacant being converted into mixed used residential.
Business as usual and matter of fact booming in Florida and Texas, they're building more new buildings than ever.
Relax taxpayers will be forced to bail them out again.
let em FAIL
Came for the content…stayed for the music!!
What about the new trend involving converting office space to residential use ? Well unless that's done right, converted buildings could remain unoccupied.
This video needs a equal or part 2 to illustrate the worst case scenario, aftermath, and recovery.
Government bail outs for private investors is fascism.
There’s a residential housing crisis – so time for some expensive conversions
How to run a large company. Borrow from your bank $$$$. Pay executives $$. G0 bankrupt. Borrow Bank $$. Buy back at a discount for private investors funds.
The market is a joke
if you owe the bank a million dollars, thats your problem.
if you ower the bank 800million, thats the banks problem, roflmao
But what actually seems to be the problem? Just because people are now able to virtually commute does not mean that the tenants can not pay their rent. Seems to me that you have been bought out by big business.. Sellouts… Just because someone goes to a physical place to work does not mean that it affects the employers bottom line, this is the reason I say you have been bought. You lost a follower today.
Work-from-home was coming with the internet; COVID only accelerated what was already in the works. The Fed only propped the zombies. The day of reckoning is coming.
Turn office space into living space. Solves two problems at once. Easy.
Well, they didn't want to make "affordable" housing so the big companies can tank as far as I'm concerned. Don't worry, we'll move in once the companies go under.
Seriously, most of these can probably be converted into housing with only minimal loses. This is almost a non issue.
50% discount and they still turn a profit
The news that the world is going to explode to end will not necessarily be my reason to sell my stock, without going, commercial real estate does not bother me at all
communism is the main source of the problem!
Sounds like infrastructure change will be late arriving.
Wake up. The reasons for companies needing a central location for all employees to go to, even before the pandemic had boiled down to social norms, namely that is what a company and it's employees are supposed to do. After the pandemic, all companies began to see there is no actual advantage to owning a large office space, they can accomplish it all with remote work. The reasons for why cities and downtown areas exist, has evaporated. Things have permanently changed. The office space requirements will NEVER come back. The pandemic forced everyone to find a better way, and they found it.
China wants it to go down and reset
Time for employees to return to office to avoid real estate crash
So the rich man might lose a few bucks ok
The corona virus
But in India its totally opposite
Not coming back to the office sorry not sorry 🙂
Demographics have been around a long, long time. For decades it was known baby boomers were not being replaced. The democrats focused on killing them off or starving them with high minimum wage and high inflation. Anyway RE investors knew many countries around the world including US face an inverted bell curved population graph, a declining population. Russia's is serious but not as bad as S Korea. China as well is facing it.
If something cost 13 cents to buy but has 800million of debt attached, that's not going to cost you 13 cents is it? Tell me you fudge numbers for a living without telling you fudge numbers.
Six weeks ago there was a little noticed report out of London predicting massive losses for banks with commercial real estate portfolios in the US, especially the regional banks. We now see that Bank of New York is in trouble. Chicago has already seen two buildings in foreclosure sold at pennies on the dollar in the Loop, one owned by Blackstone which just walked away from the property. So, 2024 is going to be a rocky ride. Banks already know which loans are bad or going bad, so they are already writing down loans.
The banks take the initial hit, but are then reimbursed by the taxpayer, and the beat goes on. Great money laundering scheme.
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