More Banks will FAIL - Commercial Real Estate losses will CRUSH the US Economy

The two biggest hotels in San Francisco have just decided to default on their mortgages. The mortgages on 30 more are due in the next two years. Malls are struggling. Companies are looking at their break clauses as staff don't want to work in offices and the companies see a way of lowering overheads while interest rates are rising. A huge wave of commercial real estate defaults are on the horizon and could crush the US economy. Watch our video to learn more about how commercial real estate losses could cause even more bank failures.
#realestate #personalfinance #recession2023
This video is provided for entertainment purposes only and should not be considered as financial advice. Remember, the value of your investments can go down as well as up and you should engage a professional financial advisor rather than rely on an anonymous video on TH-cam….

[@Credit_Crunched]

We've just seen the two largest hotels in San Francisco tactically default on their mortgages. There are at least another 30 more who could do the same thing.
Rising rates, reduced occupancy and $1.7tn of CRE maturing in the next 3 years. Is this what will crush the US economy, or have banks maintained their discipline and lending standards in recent years meaning it will be a storm in a teacup?