American office delinquencies are shooting up

4 comments

1. >Assume that holding on and hoping does not work out for office owners, and that foreclosures become common. There are three groups that may be left holding the bag. The first is investors……..The second is the big banks…….That leaves smaller and regional lenders, where commercial-property loans make up a bigger share of total lending…….

   the wealthy and the not so wealthy, burning the candle at both ends takes on a new meaning

   archived: https://archive.ph/g0l6v

2. Already priced in. This is your final announcement and warning to ride the REIT train before rates start falling and prices start rising. By the time residential starts to crash, it’s already too late.

3. Sure, when credit card delinquency is up because of systemic economic issues it’s the individual’s fault, but when it’s the bank’s fault for systemic economic issues, they’re absolved and bailed out.

4. The people taking the risk and the people enabling the risk-taking should absolutely be left holding the bags when it goes belly up.

   They have had no problem shipping jobs to other countries to reduce labor costs.

   They have had no problem laying off people to increase short-term shareholder returns.

   They have had no problem sucking up all the savings gained from increased productivity from technological advancements.

   And it’s justified because they are the ones who took the risks.

   Well, it’s called *risk* for a reason because it means it can blow up in their face.

   And they are in desperate need of a blown off face.