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 ...
“Retrofitting plumbing would be a nightmare.”
Use your imagination.
Lit candle under water cooler creates an instant water heater.
Flushed toilet becomes a clothes washer.
Sprinkler system can water the tomato garden and wash the car.
Yeah that’s what concerns me
My thoughts exactly
[Retrofitting plumbing would be a nightmare.]
Thank you
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