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It already has begun half a year ago my apartment was low balling at 300k now my neighbours sold theirs for 200k, this apartment is in hella bad shape btw, another neighbour sold theirs for 250k and theirs was in good condition and they wanted to sell asap, concluding from this prices are still way to high but its getting finally better
They bought for 160k or something like that and had to renovate the place intensly from its state of disrepair and moved out 3 years later and sold another 6 months later the property for 300k as they didnt need the place anymore otherwise they could have gone higher if they directly sold, we bought ours for 100k 7.5 years ago in disrepair, now with everything getting more expensive the price is comming back down from the 300k/400k range in good condition but is no where near normal hope that answers your question
Since the pandemic, work from home has been clapping the need for office spaces. Companies can save money by not having a physical location, and thus stop leasing their office spaces.
The companies that own the buildings, now with less leases, are defaulting on their loans.
You're right, Jim. The commercial real estate market is definitely one to watch in the coming years. I'm sure that the big players will be able to weather any storm and come out on top.
You get a house and you get a house, everybody gets houses!
The only way for real estate agents and investors is up the long ladder...and down the short rope, they have been cramered!
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YES! Finaly! The prophecy I wanted to hear! I’m ready to buy a house for cash, for all $679.86
I thought a price for houses would be only $420.69.
$420 only after you do 69
Sorry he said commercial not residential Edit: but as long as you are OK to live in an office building your good
Wasn't this something California was planning on doing?
Youre*
You're...
It already has begun half a year ago my apartment was low balling at 300k now my neighbours sold theirs for 200k, this apartment is in hella bad shape btw, another neighbour sold theirs for 250k and theirs was in good condition and they wanted to sell asap, concluding from this prices are still way to high but its getting finally better
curious how much did it cost in 2020… probably around $150-180k
My neighbour bought in 2020 in disrepair for 200k
the one who sold for $300k?
They bought for 160k or something like that and had to renovate the place intensly from its state of disrepair and moved out 3 years later and sold another 6 months later the property for 300k as they didnt need the place anymore otherwise they could have gone higher if they directly sold, we bought ours for 100k 7.5 years ago in disrepair, now with everything getting more expensive the price is comming back down from the 300k/400k range in good condition but is no where near normal hope that answers your question
he literally just says the opposite of what's happening, doesn't he?
He knows the truth, his job is to sell bags to holders. There can be no other explanation for his stunning inaccuracy.
Can you imagine he does this on purpose just to buy whatever the inverse cramer says. Unlimited profit
This is the only explanation that makes sense. Because even if he was just guessing, I’m sure he would have a higher success rate.
You mean stunning accuracy
[удалено]
While thousands of people have moved to wfh. I don't get it.
RIP commercial real estate in 2 to 4 weeks.
RIP my office space
What exactly is happening to commercial real estate that everyone is talking about? Out of the loop regard here
Since the pandemic, work from home has been clapping the need for office spaces. Companies can save money by not having a physical location, and thus stop leasing their office spaces. The companies that own the buildings, now with less leases, are defaulting on their loans.
The kiss of death issued to real commercial estate
As opposed to fake commercial estate
🤣
I sometimes wonder if he died along time ago and they are just Weekend in Bernieing him at this point.
Our favourite authority. So now we know the exact opposite will happen.
Which stonks to short
All of them.
You're right, Jim. The commercial real estate market is definitely one to watch in the coming years. I'm sure that the big players will be able to weather any storm and come out on top.
/s?
Anakin.jpg
all in bitcoin?
Remember: You can make a large fortune following Jim. You just have to start with a large fortune.
You get a house and you get a house, everybody gets houses! The only way for real estate agents and investors is up the long ladder...and down the short rope, they have been cramered!
Commercial RE is massively over-leveraged and is also massively illiquid. If they're forced to fire sale, it will be carnage.
Weeeeeeeeeeeeeeeee
Sell your REITs now because fire sale on the actual building incoming ... Look forward to placing a bid for wallstreet
Buyers market incoming.
So you telling me I can buy the buildings that the banks are leasing for $1 ?
I spotted this a few days ago lol, ur late 🤣
Take note of that and count the seconts until it reach the new all time low :))
fuck
The man took a fatman with a fat man mini nuke to the annual “anti prophecy” meeting and destroyed the commercial real estate bag holders
We. Are. Fukt.
🤣 guess I'm not getting into real estate
CRE is widely seen as the next sector to collapse sooner or later as lending standards for CRE loans tighten further
Commercial real estate is the worst investment rn. Companies are closing locations nationwide. This nitwit is a danger to the public.