Blockbuster Foreclosure $500M CRE Meltdown Continues 

Thanks Sean!

Thanks! Glad you liked it!

Wow. If you can share an example please reach out. Contact in the description.

I thought blockbuster gone long ago

Maybe. The fire sales will be in CRE. I don't see it widespread in housing but I hope prices drop everywhere.

@cupidok2768 lol. Blockbuster.

I appreciate that! Not all are like those but the feedback helps.

Thank you!

Upward crash. Everything will get even more expensive.

Yeah. 0 fed funds rate means tons of inflation IMO.

@@WE500CD That means incomes need to keep pace too. No evidence that'll happen. So either no, prices will not melt up. Or yes, the prices of "things you need" will melt up while prices in "things you want" will go down because there's no money left in the monthly budget for them. Things you want means..."nice" transportation, "nice" shelter (as opposed to just the basic transportation and shelter we all need).

I have accounts all over middle TN in manufacturing and industrial. Business has been booming from all of the industry moving here. I'm seeing small & mid cap businesses that took on debt when rates were low struggle, a few bad weeks away from bankruptcy. Even the big players are slowing down. Like GM in Spring Hill is going into temporary shut down until all of the unsold inventory on dealer lots gets sold to customers in a firesale and/or bought by wholesalers. IMO, there are still so many quality companies moving here and moving employees here that real estate will go sideways if not up in hot areas. It's just a question of if the coming layoffs will offset it.