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Alias Born | 06/05/2019 |
Tuesday, May 14, 2024 11:12:24 PM
All the towers in LA are empty and underwater and have 4% 10 year mortgages that are all about to go into default.
I imagine that will crash everything. The banks are going to go broke.
Paulson is simply doing the same thing he did betting against the residential market, just on a larger scale in the commercial game.
All those office buildings. Not just the towers, but the 6 story office park cubes are now worthless and the banks are going to get stuck with them.
Mnuchin and Paulson will have cash after the crash and buy them cheap then sell them after the taxpayer gets stuck with bill.
Too bad it’s impossible to make them sensible residential.
I wonder what this crash is going to look like.
Anyone have ideas of how to make money on the coming commercial real estate crash?
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