I think he knows it’s all going to 💩 but trying real hard
@coolguy55555512 ай бұрын
“Bruh …interest rates …are like …so high right now…”
@JG-re2bb2 ай бұрын
he was looking down the whole time like he was looking for his notes
@OOOOOOOI82 ай бұрын
Water is wet, the sky is blue, and no one wants to come into the office 5x a week.
@drscopeify2 ай бұрын
That depends on city and industry. Tech yes but it is only 7% of the US workforce so keep that in mind. Also Commercial real estate means warehouses, factories, shops, office parks, hotels, apartment buildings, the list is very long and so you are only looking at trouble in a specific piece of the pie but time will tell how this plays out.
@qazwsxedc9642 ай бұрын
Its hard to find anyone on bloomberg that speaks the real truth.
@marengoczar50352 ай бұрын
Unless Income increase faster than house prices, how are thing going to keep up?
@GeorgeSchneider88892 ай бұрын
You can’t fix housings without removing speculation in the sector: •completely shrink the fed balance sheet •eliminate form 1031 exchange •no bailout for real estate
@oversampled14792 ай бұрын
@@GeorgeSchneider8889 Amen
@marengoczar50352 ай бұрын
Get private equity out of housing,
@GeorgeSchneider88892 ай бұрын
@@marengoczar5035 You can’t. They have the most powerful lobbying in DC 🤷♂️
@drscopeify2 ай бұрын
Your comment is totally disconnected from reality. First of all 40% of US homes are now owned with no debt that is a huge reduction of supply. Baby Boomers are aging at home instead of moving out and selling another major blow to homes for sale. The FED balance sheet is not that big it is only 5 trillion for Treasury an another like 2.5 trillion for MBS out of a total market of almost 21 trillion so only like 20% is held by the FED much of it is higher risk which means these are FHA loans which is not investors but average Joe and Jane who make lower income so that won't add more supply well unless you want Joe and Jane to foreclose but that usually gets sold with CASH to investors sooooo that just makes the problem... WORSEE!!!!!! The only solution to housing is... BUILD BUILD BUILD just make more of it, really easy. We are not the UK who is an island and has no land, we have lots and lots of land, just f-kin build.
@Dave-zl2ky2 ай бұрын
Not everyone needs a 5 bedroom 6 bath house with a three car garage. Builders need incentives to build starter homes and buyers need incentives to buy them.
@Commonsenseisnotcommon82 ай бұрын
Exactly I would love a two bedroom two bath. I mean, let’s be honest, I can’t do a two bedroom one bath lol but yes, we don’t need houses like that especially with the younger generation not wanting to have kids. Three bedrooms is probably the max for most people if you wanted a home office or something
@Coisiniiiiii2 ай бұрын
There is a video title that caught my attention: "This $500,000 property will cause the London housing market to crash." It sounds like big news. Has anyone seen this video? I'm curious about what it's about.
@kelmartine00Ай бұрын
No one is stating the obvious that these real estate issues have been caused by terrible policy changes designed on purpose to destroy business, create housing prices and financing that the average American simply can’t afford, an energy crisis that was completely avoidable through drilling for oil, “sanctuary city” policies that destroyed places tax payers want to to hang out in, and a way for the government to own everything while we suffer. I wish the average American voter was educated on policy. Instead we’re educated on social issues that keep us divided and unable to see the forest through the trees.
@7_of_9Ай бұрын
Curious about the current state of commercial real estate? Just ask a property manager! Office buildings are facing vacancy rates exceeding 57%, which is why a $330 million NYC UBS building recently sold for just $8 million. Meanwhile, homes are grossly overpriced-sometimes two or even three times their value-due to Wall Street's aggressive buying, which has sidelined families and fueled a rental monopoly. Low interest rates are not the cause of high home prices; even when rates were 16% or 13%, homes were still affordable. Ghost housing - millions hidden from home supply reports
@kurtphilly2 ай бұрын
Why does no one talk about commute times when they mention WFH?
@Commonsenseisnotcommon82 ай бұрын
I agree that wages need to go up, but what about housing prices going down. They are way inflated houses are not worth that much. And just because it’s everybody’s investment you don’t want to say the truth. The price needs to slash by 20 to 30% and go back to what it was in 2019. There’s no sense in houses doubling in price in five years.
@fongelias2 ай бұрын
the demand isn't there, regardless of price changes due to the new interest rate environment
@rchen4042 ай бұрын
Great William Shatner impression
@OddsJet2 ай бұрын
Did he say bullish tailwinds? 😂😂😂
@s.gharavi16142 ай бұрын
Commercial real estate is going to go downward, not up!! hack.