Are you prepared for the 2024 Economic COLLAPSE?

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As commercial real estate loans come due this year and into next, small regional banks are expected to face major turbulence. Office and retail spaces have faced high vacancy rates in the past few years, as work-from-home culture took over.
This shift has changed the game in the office space industry, leaving many buildings vacant. This combined with continued high interest rates is creating a pinch for lenders and leaseholders.
Most leaseholders have no interest in refinancing. At this point, many commercial properties are valued at lower than the debt – and with the way rates have increased over the past few years, it just doesn’t make sense to refinance into a higher interest rate loan. You see, commercial real estate runs on debt.. but when the debt doesn’t fit the deal, someone has to take a loss. And in commercial real estate, especially high rise office spaces, the losses are enormous. Even big-name companies like Blackrock have defaulted on their commercial loans…
Despite any efforts made by regulators to ensure stability and faith in the banking sector, there’s still a lot of risk.
As I’ve been saying here on this show, there’s never been a more important time to get your financial house in order. Now is the time to pay down consumer debt, diversify your money, and make sure you’re invested in tangible performing assets.
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