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Tesla CEO Elon Musk has no downside making massive claims, however his newest one could also be extra true than we’d prefer to assume.
(From Getty Photographs.)
Again in Could, he instructed Fox Information:
“We actually haven’t seen the industrial actual property shoe drop. That’s extra like an anvil, not a shoe.
So the stuff we’ve seen up to now truly hasn’t even — it’s solely barely actual property portfolio degradation. However that may grow to be a really critical factor later this 12 months, for my part. […] Virtually all cities at this level have document vacancies of business actual property.”
He’s proper. The panorama of business actual property is getting more durable than residential.
It’s placing strain on companies, massive and small. And as Mike Carr theorizes on immediately’s episode of The Banyan Edge Podcast, it’s additionally an enormous signal of what’s taking place within the economic system.
However there are nonetheless alternatives for income, even in conditions like this…
(Or learn a transcript.)
Sizzling Matters in In the present day’s Podcast:
- Musk says: “Industrial actual property is melting down quick. House values is subsequent.” [1:00]
- A deeper have a look at Mike’s latest article on why industrial actual property might set off extra financial institution failures. [1:50]
- Why the default charge is rising in the direction of “disastrous” on this trade. [6:00]
- How this case is affecting small companies. [10:45]
- Take a look at Adam O’Dell’s newest analysis — on 282 banks which are getting ready to failure (and how one can revenue from it).
And bear in mind, in case you have any feedback or questions, simply ship us a message at BanyanEdge@BanyanHill.com!
Regards,
Charles SizemoreChief Editor, The Banyan Edge
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