Grant Cardone warns of significant risks in the commercial real estate sector, particularly with $2.7 trillion in debt maturing in the next 30 months. The shift to remote and hybrid work has led to decreased demand for office spaces, resulting in lower rents and increased vacancies. This scenario may lead to loan defaults, heavily impacting regional banks, with Cardone suggesting that over 300 banks could fail. Additionally, there are implications for government pension funds as commercial real estate prices may crash, highlighting the risks associated with leveraging investments in this sector.
The problem is so big, it can drag down 300 banks, and commercial real estate prices crashing could also impact government pension funds.
With remote work leading to vacant office spaces, loan defaults are increasing, which can exacerbate the decline in commercial real estate values.
Collection
[
|
...
]