So we are stuck with these buildings for now. But in the end many are just tear downs. Thank you for speaking some truth

Obsolete ... beyond bankruptcy.

@AnhNguyen-hn9vj

Күн бұрын

lol. the investment is not going from billions into zero but into debt by mean of negative balance. oh shyt lol

Why would anybody use buildings in expensive cities as data centers? Makes zero sense.

I 🤔 wonder how many different state pension funds across the country are holding that 20% obsolete CRE loans 💸

@nobodysfool2232

3 күн бұрын

Very few. The preponderance of CRE loans are on regional bank balance sheets. Insurance companies also maintain ~15% allocations to CRE loans, but have shifted away from office and retail the last few years. The remainder of CRE loans go to conduit securitizations, and pensions generally have very low allocations to CMBS.

Technology changed,, that changed society. These cities were established during the horse and buggy days, ,, we adapted new technology to old buildings but at some point, ,, there's a better way of doing things and people abandon opsolet tools.

@ft9kop

11 сағат бұрын

Now we have fiber optics and 5g allowing white collar jobs to be done anywhere. If managers bitch, than make an mmrpg of an office and tell them you've been working from him me since 1st grade...it was called homework

great summary!

You said nothing. Waffle.

Haha i wonder how many was considered “obsolete”say three years back

It’s not isolated to office: many apartment buildings in the city are obsolete. Doesn’t stop them clearing at the world’s highest rents.

CRE are overvalued, SFH are undervalued, simple as that

Go ahead, that top floor is pancaking, so "work your way down" that 'capitalization structure'. The words they use never change.

Turn them into apartments. It's a shame there are so many homeless because apartments are unaffordable. And people like this are part of the problem!

@kennixox262

10 күн бұрын

A lot of office buildings, but not all, are difficult at best to convert into residential units. This is due mainly to the depth of the floor plate which is great for offices but not so great for residential units that require windows and daylight.

@TurnkeyTrading

8 күн бұрын

who will pay for those apartments every month?

@kennixox262

8 күн бұрын

@@TurnkeyTrading Tenants.

@Rubbernecker

8 күн бұрын

Housing for the homeless? Do the homeless people pay for that? Or do I?

@kennixox262

8 күн бұрын

@@Rubbernecker I doubt that you that much in taxes. What I am talking about, is MARKET rage units in converted high-rise office buildings. Comprehende.? I know that FOX News has skewed your brain. Sorry about that but it is your problem not mine. You see, MAGA people like you don't mind getting government handouts but the moment a person of color does, all hell breaks loose. This why we don't have nice things in this country. Racists like you way back in the 1960's. Public pools in many places because they had to be integrated. The racists have none of that thus NO one could have a public pool. That his why we have country clubs and private day schools. You MAGA people will never ever learn.

Lol I wonder what the copper and steel of a skyscraper is worth these days.

@boby115

4 күн бұрын

6 cents a pound for steel and copper anywhere from $2.50 to $3.50 a pound (copper is a commodity, it goes up and down on a daily basis). As a building owner get what you can before the wrecking company comes (the wrecking company gets their estimated fee (bid ) plus all the scrap metal they separate). I just had one torn down and leasing the land so Chase Bank can build another branch. You couldn’t give me a C office building today.

Never blame the Interest Rates as the Market Values are Independent. The Business Models in giving Occupancy for different categories of Work and Living are determined from the Economy's Purchase Power but when can be given at Right Pace the Downtown Real estate is all Good with the Floorspace Ratios but not to be in Shanty Towns.

@smoothemusic4386

9 күн бұрын

This hurt my brain

Vast swaths of cities lying empty for years because it’s easier for the bank’s cap tables. Behold the efficiency of the free market! /s

@johngoldsworthy7135

2 күн бұрын

It’s not a free market

Irony: Empty Buildings, homeless living in front of them. We can do better.

@VasuJaganath

13 күн бұрын

No we can’t. The moment has passed. It’s point of no return.

@KK-pm7ud

13 күн бұрын

Yes. The homeless can get jobs and pay their fair share.

@Tkenny35

13 күн бұрын

You have the right heart but not a logical mind. Lets just give homeless people free housing while regular tax payers pay for it... Sorry life isnt that easy. If it was, Id just be homeless because I know they'd give me free housing in an empty high rise LOL

@rustler160

13 күн бұрын

Is that Gavin Newsom speaking?

@IUEC38

13 күн бұрын

We already provide free housing for the homeless, smart guy. And yet, you’re not homeless. I guess the world doesn’t work the way you think it does. Turns out that people aren’t driven to homelessness by laziness.

Those old buildings can all be turned into data centers. But nothing in the deplorable United States is of any value.

You can thank Blackrock & WEF for scaring everyone away. Also, those people have a false sense of reality & momentum because of ESG.

@stevenhenry5267

Күн бұрын

😭

From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

@Adrianascott-jr4in

12 күн бұрын

Excuse me for real?,how is that possible I have struggling financially, how was that possible?

@GreeneJack

12 күн бұрын

I always appreciate God for his kindness upon my life

@GreeneJack

12 күн бұрын

Thanks to Elizabeth Marie Hawley.

@JamesRodriguez-lj5xk

12 күн бұрын

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@EcstaSea-g9v

12 күн бұрын

I have heard a lot of wonderful things about Elizabeth Maria Hawley on the news but didn't believe it until now. I'm definitely trying her out

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

@serafinacosta7118

11 күн бұрын

Pitching a get rich quick scheme ? Go away.

@missamae34

Күн бұрын

Makes no sense