It’s Getting MUCH Worse in the Commercial Real Estate Market
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Something wicked this way comes in the commercial real estate market. I know many are like Mike, ask you been saying this for a while. Yeah. Again, pretty damn good at calling calamities over the past three decades. Yeah, we told you about Enron. We told you about dot coms. We told you about Dynagy. We told you about Worldcom. Did we tell you the day that it happened or the day before? No. No, but.
The reality is, the reality is things are getting much, much worse here. The delinquency rate on commercial mortgage backed securities, 9.4%. That’s the highest in 11 years. The delinquency rate on CNBS loans risen five times over the past two years. You haven’t seen rates like this since 2008.
All time high, that’s the rate we’re heading to right now at 10.3%. Again, a lot of banks put a lot of this paper on the books and anybody take a look at the 10 year treasury and see where that’s going? I don’t know how this is gonna be handled in the Trump administration. Quite frankly, I don’t know when the whole thing’s gonna blow up. Okay, it’s inevitable.
at some point in time. And again, these are things that are right out there. like, you know, everybody’s got a ticking time bomb that that’s right out there, but everybody’s choosing to ignore it. Let’s pretend la la la la la la la. I don’t want to see it. I don’t want to hear it. I want to deal with it. It’s right there. And it needs to be dealt with sooner rather than later, hopefully. Again, we tried to hear in this country of ignoring problems before, you know,
laughter that they blow up. And then you know, what’s the old saying, you can’t defuse a bomb that’s already gone off, you just have to deal with the aftermath of what’s taken place. Hopefully, at some point in time, it’s going to be dealt with. And I hope the way that we’re going to deal with it is not on the loo of let’s bail out more banks. Because that’s we did a lot of that did a lot of the bailing out a lot of a lot of bailing out during the Biden administration. Quite frankly, I don’t think the people near
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this country have the stomach for this nonsense anymore. I know I don’t. I gotta have a think of let them fail. Let them fail. I’m cheering on, okay? You screwed up, you made bad loans, you did stupid crap. You know what? Let me fail. Watchdog on wallstreet.com.
