Too Many Office Buildings are 'Literally Obsolete,' Says Canyon's Friedman

Canyon Partners Co-CEO, Co-Founder, and Co-Chairman Josh Friedman discusses the current market for distressed real estate debt. In an excerpt of "Bloomberg Wealth with David Rubenstein," Friedman describes a portion of the office building stock as "literally obsolete". This interview was recorded May 28 in New York.
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[@rodhoover9158]

Irony: Empty Buildings, homeless living in front of them. We can do better.

[@VasuJaganath]

No we can’t. The moment has passed. It’s point of no return.

[@KK-pm7ud]

Yes. The homeless can get jobs and pay their fair share.

[@Tkenny35]

You have the right heart but not a logical mind. Lets just give homeless people free housing while regular tax payers pay for it... Sorry life isnt that easy. If it was, Id just be homeless because I know they'd give me free housing in an empty high rise LOL

[@rustler160]

Is that Gavin Newsom speaking?

[@IUEC38]

We already provide free housing for the homeless, smart guy. And yet, you’re not homeless. I guess the world doesn’t work the way you think it does. Turns out that people aren’t driven to homelessness by laziness.

[@GreeneJack]

From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@Adrianascott-jr4in]

Excuse me for real?,how is that possible I have struggling financially, how was that possible?

[@GreeneJack]

I always appreciate God for his kindness upon my life

[@GreeneJack]

Thanks to Elizabeth Marie Hawley.

[@JamesRodriguez-lj5xk]

YES!!! That's exactly her name (Elizabeth Maria Hawley) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺

[@EcstaSea-g9v]

I have heard a lot of wonderful things about Elizabeth Maria Hawley on the news but didn't believe it until now. I'm definitely trying her out

[@matthewcondon5187]

You can thank Blackrock & WEF for scaring everyone away. Also, those people have a false sense of reality & momentum because of ESG.

[@FundzLord-cv5dj]

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

[@serafinacosta7118]

Pitching a get rich quick scheme ? Go away.