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.
The churn will continue…you become a high paid employee at 50, the new kids get paid 10% below you because you’re “senior”. Then you all get 3% increases. You get retired. They keep getting 3% increases while you don’t. Suddenly they get paid more than you. You start having trouble paying for stuff because it’s so expensive. Then suddenly you gotta sell your house to have enough. A newly graduated kid gets paid the same as you, they buy your house. You can’t buy a house anymore, so you move to a cheaper area where you can afford something. Then you moved again and again. Take on stamp collecting as a cheap affordable hobby. Blah blah. You end up in a retirement home. Then your kids can’t afford that. Next thing you know you’re under a bridge and you love the freedom for like 3 days. Then you really wanna shower but you can’t. The welfare office is far from the YMCA, so you find a Walmart cart. A guy shows you where to collect soda cans and where to sell them. You two become friends but he OD’s… you inherit his cart. Then you help a new guy to find cans with you. So then you OD. And the guy in your house is retiring…the cycle continues.
Hey friend 🤗! Come on man, we’ll find you some cans! Place number 1 where people don’t look is under cars! Just sit here, watch the cars leaving the street parking and jump in to profit! But do it quick or a Karen might just give your cart to Bob…Sorry Karen! Yeah, not all Karen’s are bad! Specially not you!
