finance

The delinquency rate on commercial mortgage-backed securities (CMBS) for offices spiked to 8.1% in July, the highest in 11 years.

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

Commercial real estate is one of those big dominoes that have been waiting to fall since Covid and along with it a lot regional banks. This is a huge crack in the wall. Get ready for a big bail out.

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Yeah, but CRE has been teetering on collapse for a long ass time and there are so many regionals (big banks too, but esp them) that have HUGE unrealized losses on their books because their commercial urban centers have collapsed due to the lack of demand for office space, 

We could be seeing another epic FED intervention, as a brrrrrrrrrr situation will be needed even as its slashing rates.

There are a lot of dominoes that seem like a gentle push away from going kaput