Here’s one of the scariest sentences you will (in all likelihood) read today:"
That’s from the latest Congressional Oversight Panel (COP) report, and it is all about — you guessed it — commercial real estate in the US. The whole thing is worth a read but here are some quick excerpts:
That last chart should give you an idea of where the Panel is going with this:
Read on for everything you ever wanted to know about US commercial real estate financing, securitisation, loan work-outs, and an interesting compaison with the real estate bust of the 1980s.
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