Economics

I may sound like a broken clock, but the CRE market is still not doing well and we might see the results of it this year

🇧🇷🇺🇸 - Book: Making Things Think: https://holloway.com/mtt Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph

Odd lots had a good episode on this year, which made it sound a little less dire, based on different tranches of CRE, some of which are performing well; med services outside of metro areas etc.

The big buildings are going to continue to drag as I understand it.  I don’t think we’ve seen the final impact yet.

Do you think this will spill into other markets?

friendly neighborhood shitcaster // working on @pinetree

There’s no putting the genie back in the bottle (esp cause big tech is straight up laying off thousands)

But I figured we’d priced in the remote factor

Some argue that if a recession hits, some companies will make workers go back to the office and that will make the commercial real estate go back to normal 

I don’t think so

Do you think CRE will ever return to “normal”? Not clear what shoe is left to drop here

You’re right twice a day. Keep ticking.

Here for the culture. /castout Memecoin Island participant, on the /based & /basedevo tribe

Sone cre loans were signed under favorable terms before the vacancies and rate changes.

5yr notes turning over… eventually gets tough.

This was obvious when covid completely destroyed demand. Why has it taken so long though?