"Rising Real Estate Losses Shake Banks and Predicted Cloud Growth"
Bank losses in the US commercial property market have raised concerns about the sector's financial stability, prompting fears of potential broader economic impact.
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Us Commercial Property Market
All articles tagged with #us commercial property market
Charlie Munger sounds alarm over US commercial property market.
Berkshire Hathaway Vice-Chair Charlie Munger warns of an impending storm in the US commercial property market as property prices fall and American banks are "full of bad loans." Munger notes that banks are already pulling back from lending to commercial developers and that there are a lot of troubled office buildings and shopping centers. He also acknowledges that banks are not easy to run intelligently and that there are a lot of temptations to do the wrong thing.
Charlie Munger warns of trouble in US commercial property market.
Berkshire Hathaway Vice Chairman Charlie Munger has warned of a potential crash in the U.S. commercial property market due to trouble in the financial system, with banks holding vast portfolios of "bad" commercial property loans. Munger stated that there are a lot of troubled office buildings, shopping centers, and other properties, leading to a lot of agony in the market. Mall and shopping center players such as CBL, SPG, and MAC, and office REITs like BXP, ARE, and SLG are among those affected.