How Would You Fix This Colossal Multi-Trillion Dollar Mess?

by Michael

Everyone can see the slow-motion train wreck that is unfolding right in front of our eyes, but nobody has a plan to stop it.  Unfortunately, from a short-term perspective I don’t know if there is anything that can be done to prevent the commercial real estate bubble from imploding. 

Vacancy rates are surging to historic highs all over the nation, and without sufficient rental income many property owners will be forced to default.  In addition, a giant mountain of commercial real estate mortgages will be up for refinancing over the next few years, and substantially higher interest rates will make refinancing those mortgages exceedingly difficult.

  We really are facing a “perfect storm” for the commercial real estate industry, and the fallout is going to be absolutely devastating for U.S. banks. (Read More…)

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