Posted on 08/20/2023 9:50:58 AM PDT by knighthawk
That wouldn’t be Blackrock would it?
What’s your opinion on CRE and general economy?
I haven’t seen you or another poster around for a while. Both investment guys…
Saw him yesterday and now you.
Makes me think something is going on…
Everything we were told was a lie.
Everything we are being told, is a lie!
Everything we will be told, will be a lie!
Including what you’re telling us?
There are huge costs to maintain an empty office building. You can’t just shut off the utilities. Mold grows in your climate control equipment and other places like carpet and office furniture when you do that.
Wouldn't invest in CRE if you paid me.
I've been looking for a recession for the last year. Maybe Biden gets lucky? I don't know.
you will own nothing and be happy...
IMO this is what Buffet does...talks down or diminishes an entity and then buys it at a discount...
I was similar with respect to timing. I honestly don’t understand how things are still where they are…
“Watch that disappear once enough of the properties gets into the “right” hands.”
When the elites finish building their new bunkers in Maui:”
They will be able to fly in their private jets, to shop, dine, dance, be entertained and spend the nights in the rebuilt San Francisco.
Everything, we were told was a lie.
Everything. we are being told, is a lie!
Everything, we will be told, will be a lie!
The difference between the Chinese and the Japanese seems to be that the Chinese buy low, while the Japanese buy high.
There’s the rub.
The massive Fed balance sheet. Massive federal spending.
same thing happened in houston in the early 80s...oil bust.
Then oil boomed again.
can’t imagine what will make SF boom again...
That is if they interested in the buildings instead of prime vacant lots. After the housing bubble a few years ago there were mc-mansions torn down to make way for new mc-mansions.
I think they mean "Office vacancies increased to a high of 31 percent this year."
Or "Office occupancy dipped to a low of 69 percent this year."
Property taxes will plummet-—and city budgets will be hammered.
Who knows?
This is a war of attrition. The new owners will install their own “police” in due course.
>I honestly don’t understand how things are still where they are…
Check out the “Wealthion” yt channel. Excellent podcast, he’s as confused as the rest of us.
Another difference is that the Japanese value high quality, and desire to offer same. The Chinese simply are out for quick profit while cutting corners on quality.
Freedom of Access to Commercial Building Entrances
Obstruction of a Commercial Business or Commercial Business District
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