The Bank Crisis Wasn’t Bad | What Comes After Will Knock You Out!
Morgan Stanley analysts are forecasting something ‘worse than in the Great Financial Crisis’ for commercial real estate. After the banking crisis, could the next domino be all those empty office buildings in your downtown? Investors and economists are sounding the alarm about the commercial real estate market, seeing trouble ahead with refinancing. This sector has been hit hard for years now with the shift to remote work bringing about rising vacancy rates and falling property values. For her part, Lisa Shalett, the chief investment officer for Morgan Stanley Wealth Management, and strategists, sees a “huge hurdle” ahead.
TOPICS AND TIMESTAMPS:
Layoffs 0:00
Debt Fiasco 8:34
Unfazed 12:47
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