It’s going to keep going up until the thermometer bursts and crash like a ton of bricks.
I’ve never seen such insanity before.
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Neither have I, the current valuations are ridiculous. However, “the bloat” in equities and real estate is still holding up.
It’s hard to know where we’re headed, after the US central bank sent out their schizophrenic messaging on interest rates a week ago.
The cheap money pimps want the cheap money era back, so they can burn up capital on more idiocy & unproductive endeavors.
Commercial real estate and office space is up for a day of reckoning soon IMHO.
I see vacancies everywhere.
One of my projects for 2024 includes a demo of 5 buildings currently worth over $400M to build a “Data Center” City.
This seems to be the new trend.