My investing muse - real estate & crashing up (13 Nov 2023)
@KYHBKO:
My investing muse - real estate & crashing up Real Estate is an area of concern, namely Commercial Real Estate (CRE). The commercial real estate CRE remains an area of concern. The value of office properties may continue this downtrend with default hurting various stakeholders. Once the banks are affected, the subsequent waves could hit rapidly. The high mortgage rate can affect employment when people are forced to stay in their current geography. People are limited in their ability to relocate by the high mortgage offering and the low mortgage they are servicing. With the housing situation, it can be difficult for people to relocate to take up new jobs - unless the mortgage can be adequately covered. The states can only look internally for manpower to take up the job openings. Graph f