It looks like it’s reckonin’ time for CRE:
It’s going to be bad: Thousands of commercial mortgages valued at hundreds of billions of dollars are approaching a renewal date. By some estimates, two out of every three will no longer meet the original loan conditions and won’t be able to refinance.
Maybe they can demolish existing malls and convert them into parks? Nah. Just build homes in farms with new malls and call them exurbs or newburbs or something. After all, if its one thing we need, its new malls on farmland.
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