Posted on 05/10/2024 4:28:21 AM PDT by RomanSoldier19
Barry Sternlicht, a prominent figure in the real estate industry as the co-founder, chairman, and CEO of Starwood Capital Group, has sounded the alarm regarding the precarious state of regional and community banks across the United States.
His apprehension stems from the challenges faced by these institutions amid the current economic landscape characterized by higher interest rates, increasing vacancies, and inflationary pressures. Sternlicht’s concerns point to a potential wave of bank failures, with implications for the broader financial system.
(Excerpt) Read more at msn.com ...
I have said, 2008 is coming again.
I was in downtown Boston on Monday and Summer Street was full of people scurrying home from work.
on the other hand, here in Hartford two modern office buildings within view of Aetna headquarters are unoccuppied.
Office buildings could be converted to large apartments easily.
Federal banking law needs to be such that state and local governments can not put federally-backed institutions such as national banks and the FDIC at risk by ‘affordable housing’ and other unrealistic requirements.
Lots of people appear completely healthy right before they stroke out.
Well, we’ll see how that works out
“converted to large apartments easily.”
Retrofitting plumbing would be a nightmare.
Ewww, gross!
There are plumbing and fire suppression issues for conversation of office buildings into residential space.
Very expensive....
If you don’t mind communal bathrooms without showers....
Wahoooooo i loves those retrofits. I might even go back to work if that happens
What does that signify, to you?
Bank Failures Due to Real Estate Loans.
Guess all them illegals aren’t paying their fair share of the rent.
Let them go.
No. They can’t.
Start with power and plumbing, then to food prep space.
That's just "Minor Red-Tape" problems for developers.
Here's the real problem:
NYC is Finished...(long version:move slider to 10:10 in video)
NYC is Finished...(short version:move slider to 13:20 in video)
Do Dem's only have one solution for all problems? Throw more money at it?
Many "New Yawkers" are in fear of "Being seriously killed"; if they ride the subway.
So, take several lines out of service; remove all rails and everything else out. Now you have a great big "sewer pipe".
New Yawkers can now be happy when they flush, they know that Jersey and Filthydelphia needs the water.../s
X 3 or 4
Converted-—YES
EASILY-—NO
Plumbing would need massive additions.
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