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Blackstone Defaults On Huge CMBS The Global Financial Crisis Is Here!
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It was interesting how Bloomberg spun this to be a good thing in that defaulting just allows them to re-negotiate the deal so it's a good thing in their opinion. Nothing to see here 😂
Well, it sounds about right with COVID-19 causing so many businesses to fold leaving thousands of square feet vacant. These businesses stayed out but the rent still came due. The FED is not doing what it takes to stop inflation, which means people are not spending on product like they once did. More businesses are laying of causing more pressure on the industrial real estate industry. Look for this to end off a cliff. Normally it would take a war to get out of this financial mess.
real estate is about to crash anyway.. glad I sold last year
Businesses think that the Government will do something to prevent this crash from happening. So, they are sitting on the side waiting to see prolonging the crash. When the crash happens, don't look for it to bounce. It's going to stay low for years and then only tick up a quarter point in real estate value.
I am pretty sure that the default on the CMBS deal is because they have to declare bankruptcy first before they can re-finance or re-construct the original deal … it is because of the bonds involved …. I could be wrong … but, it is also to early for "fire in the pants" reporting
A debt based system, a debt based monetary society is a house of cards built on sand. Eventually the framework and the architecture are exposed, then cataclysmic collapse.
cmon man trust in the big guy.
Fingers crossed on Blackrock suicides.
Dude you keep saying the crisis is here every week lol… that phrase has been completely watered out by now.
Help me out here, why I am I hearing that Blackstone chose to default on loan (s) as leverage to get loan refinanced???? Help me make sense of what is the truth
The city of La screwed the landlords you still can't ask for rent and no rent increase for another year snice covid what's that 4 years! What do you think gonna happen
A 10% interest rate is something that will most likely happen. Not only are government still printing new currency with no end in sight, but fear of going too far is causing central banks to lengthen the pain with small incremental raises in rates. This will make economic recovery take much longer than it needs to be..
I live down the road from them. The banks have been buying houses for years and prices here are doubling.
You’re missing a major part of the bubble. I’m a developer, a majority of large developers work off short term fixed construction loans. Production slowed due to supply chain issues and now sales have slowed with prices pulling back. The banks are pressing large developers here in the US to accelerate construction and sell or they won’t refinance or give extensions.
great job as always
Your money is being manipulated by the government and your savings are being used to protect big corporations.
Can you say new world order is it real? Are they really starting a depression/recession the risk ne3d to be priced higher than 2percent interest has to be higher than inflation 5 percent is only the beginning if they claim inflation is 8 percent we are 3 percent awaw from target
Who’s bailing out We The People with our own tax money instead of corporations that took advantage of everyone? Let them fall
So how can we profit from CMBS defaults? what are the companies that it will hit the most, and how can we profit? is there an inverse ETF that will go up when these go down?…Don't want to sound like a vulture, but all is fair in love and war and investing.
Blackstone/Vanguard are cat's paw of the Shadow Government. No need to worry. They will just print another billion $$$ and bail them out with your tax dollars.
Let's be honest here $500m is nothing to Blackstone they have a trillion under management.
Chucky Schumer's daughter is on the board of black rock. So….the monkey shines are generational….just like the Obiden crime family.
End the monetary system entirely and permanently!
Or, watch the world burn.
Its OUR choice.
We should choose wisely.
arent they owned by the fed and the biggest criminals?
Clearly there is so much debt and leverage that economy can not pay it off, bondholders will need to agree on some interest and invested capital trimmering.
They’re not defaulting because they can’t afford it 😂… £500m to Blackrock is absolute chicken feed. This is exactly alarmist and exaggerated
What about the UK? No hedge funds bankrupt there because of property. Prices there haven't really fallen.
Here comes the bank bail-ins to steal depositor's money.
Finnish landlord Sponda Oy holds the bonds
Employees: "We showed you what our initiative means for your useless middle managers."
Employers: "We don't like that work-from-home model; come back to work."
Employees: "Triple our salaries or go pound sand."
Employers: "Okay, we'll just pass on the higher cost to our captive customers."
Volker inflation policy is to bring the Fed funds target rate above the inflation rate to kill inflation. The Fed chair been very clear about this what’s inflation? 8%, 10%, 11%, and effects of fat funds rate, what’s the average customer right? Above that for sure.
Only idiots thought interest rates would stay close to zero permanently.
Never heard of Blackstone, but even if they were run by idiots, can't think they're going to take everyone with them
Commercial real estate has no real bearing on the economy overall
The average buy-to-let landlord makes a measily 6% per annum whilst a US treasury bond has a yield shy of 3% – without the hassle!
"You don't know who's naked until the tide goes out."
W. Buffet
Recession & near-zero inflation later this year. What would be a good investment then: gold (stocks), crypto, or?..
That firm is worth over a trillion dollars,,. They're robbing tax dollars most likely
Can we start holding businesses accountable?? It’s sickening that when this goes down the middle and lower classes will be shellacked and then the government will step in and help out these corporations instead of the aforementioned people. See the 2008 financial crisis results if you disagree.
This was bound to happen eventually. But that’s why no one company should own everything that exists. A rug pull can collapse a whole economy.
Mortgage backed sausages
And we shouldn't bail them out. Fuck them.
Someone should tell that to the bulls bidding up these shit companies.
Needs to default in order for the entire thing to be renegotiated. Not as a big a deal as it may appear to be. The banking sector is a mess though, give you that.
Mortgage renegotations are a Great way to make money.. Take profit from the hide of the lender!
Relax, why instigate panic? This is what a beautiful deleveraging looks like.
Fuck it. Return to monkey
In parallel with escalation in the recent years, the recession is now the 'most likely output for the economy' and i cannot imagine being a victim of circumstances, my portfolio got a big hit, holding it further wont be any good, ive heard of people acquiring hundreds of thousand even on red seasons, how can certify this?