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https://finance.yahoo.com/news/no-one-saw-coming-kevin-133000274.html

“No one saw this coming,” entrepreneur Kevin O’Leary said in a recent interview with Larry Kudlow of Fox Business. And O’Leary believes the issue will manifest itself in the regional banking sector. “These banks are going to fail,” he said, “because up to 40% of their portfolios … are in commercial real estate.”

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[-] Beaver@hexbear.net 12 points 1 year ago

I wonder how many times over we could house every person without a home in idle commercial real estate?

this post was submitted on 05 Oct 2023
140 points (100.0% liked)

urbanism

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