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Want to Know What's Really Happening With the Economy?
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<blockquote data-quote="vantexan" data-source="post: 5911325" data-attributes="member: 24302"><p>The commercial loans he's referring to are primarily for commercial real estate. Office building mortgages. Not major corporations. The Covid shutdowns caused many companies to operate from home. After Covid many didn't return to the office because of the huge savings. Owners of the buildings have seen a drastic reduction in rent payments and can't meet their mortgage payments. This is a nationwide problem. And it's not just the owners of the office buildings suffering. This can and will cause bank collapses. Will have a huge ripple effect.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5911325, member: 24302"] The commercial loans he's referring to are primarily for commercial real estate. Office building mortgages. Not major corporations. The Covid shutdowns caused many companies to operate from home. After Covid many didn't return to the office because of the huge savings. Owners of the buildings have seen a drastic reduction in rent payments and can't meet their mortgage payments. This is a nationwide problem. And it's not just the owners of the office buildings suffering. This can and will cause bank collapses. Will have a huge ripple effect. [/QUOTE]
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