Smaller banks hold around $2.3 trillion in commercial real estate debt, almost 80% of commercial mortgages held by all banks. wsj.com/articles/comme…
@pdacosta @BillAckman They don’t hold mine. I was smart enough to use cash and my home sits at 2.8% for 30 years. Greedy people over leveraged there cash to own more and banks helped them. Now both want a bail out?
@pdacosta @LynAldenContact Higher rates For longer, then it is.
@pdacosta @sidprabhu Was gonna post it on new tweet😂😂 but i guess works for this one too
@pdacosta @LynAldenContact @RaoulGMI has been flagging this for months, my man! 🫡🤝 WFH is here to stay and the above is one of the many consequences
@pdacosta @LynAldenContact How the housing market will almost fully be owned by blackrock.small bank crash, assets flow to systemic one, too much for 6 banks to manage all,divesting portions like mortgages to pro-specialized institutions, backing national bonds..