Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 15 years ago,
Rich WeesePoster#2 Off Topic Contributor
- Real Estate Investor
- the villages, FL
- 3,497
- Votes |
- 5,700
- Posts
article on 1.4 trillion in bank loans are going bad
http://www.costar.com/News/Article.aspx?id=F8302D370CCDA561253F53A2AD8E2437&ref=1&src=rss
The attached paints an additional scary future for bank failures. One half of the 1.4 trillion in jeapardy in commercial real estate over next couple years. 700 billion projected to default at present. It will cause further problems in banking and possibly HUNDREDS of small to medium sized banks will fail. We're not out of the woods. Many recasts will have no where to refi...Cash is and will be KING to an even greater extent. Vultures, get prepared. Rich