Blockbuster Foreclosure $500M CRE Meltdown Continues
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- Опубліковано 5 чер 2024
- Exploring the commercial real estate crash in Nashville. Empty office buildings and apartments are leaving owners in a lurch. But it’s who owns them that’s really interesting.
Ethan Flynn
www.ethanflynn.com
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tflynn@realtracs.com
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TN CPA License: 24309
TN Real Estate License: 356949
Great coverage Ethan. You've established a reputation as a trusted advocate with clients best interest at heart. Anyone can pull data, but to organize it, make it make sense, and put it to work puts you on another level. Keep it up!
Thanks Sean!
Nice job….. a lot of insiders know- your are more right than you even know……. FYI: hedge funds and venture capitalists- they wont market their investments to current market- so instead …… they are taking loans to pay investor distributions….. they know exactly what is coming…..
Wow. If you can share an example please reach out. Contact in the description.
smells like impending deflation
I thought blockbuster gone long ago
Maybe. The fire sales will be in CRE. I don't see it widespread in housing but I hope prices drop everywhere.
@cupidok2768 lol. Blockbuster.
Love your channel. Good audio. To the point. No stupid background music. Nice!!
I appreciate that! Not all are like those but the feedback helps.
🎉🎉🎉 And yet Biden still says that we’re not in a recession 😂😂😂😂
Thank you Ethan 🙏
Blessings,Carlos ✝️🙏❤️😊🇺🇸
Thank you!
Great information
Thanks! Glad you liked it!
Fed funds rate will soon be 0 and it won’t help at all.
Upward crash. Everything will get even more expensive.
Yeah. 0 fed funds rate means tons of inflation IMO.
@@WE500CD That means incomes need to keep pace too. No evidence that'll happen. So either no, prices will not melt up. Or yes, the prices of "things you need" will melt up while prices in "things you want" will go down because there's no money left in the monthly budget for them. Things you want means..."nice" transportation, "nice" shelter (as opposed to just the basic transportation and shelter we all need).
I have accounts all over middle TN in manufacturing and industrial. Business has been booming from all of the industry moving here. I'm seeing small & mid cap businesses that took on debt when rates were low struggle, a few bad weeks away from bankruptcy. Even the big players are slowing down. Like GM in Spring Hill is going into temporary shut down until all of the unsold inventory on dealer lots gets sold to customers in a firesale and/or bought by wholesalers.
IMO, there are still so many quality companies moving here and moving employees here that real estate will go sideways if not up in hot areas. It's just a question of if the coming layoffs will offset it.