- cross-posted to:
- hackernews@lemmy.smeargle.fans
- cross-posted to:
- hackernews@lemmy.smeargle.fans
If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.
Hard times are likely ahead for a lot of people. Mind your expenses and plan to save where possible just in case. Apologies for having a doomer outlook; I’m very cynical about capitalism, especially in the USA.
I agree they’ve been trying to mitigate this but as I understand it things are quite precarious regardless. It’s not always possible to mitigate a disaster you see coming even if you try your best to prepare for it.
There has been more talk of it since then - that article just was the only concrete & most reputable source I could think of at the time and I didn’t want to turn a post into a research project.
Anyway, while there is more awareness of the issue it is, more or less, the same shady greed-driven risky behavior and nonsense that happened with home mortgages except its commercial mortgages and they’ve seen it coming.