WallStForMainSt: Train Wreck Coming: Real Estate Bubbles (Commercial & Residential) Have Not Even Burst Yet
Just in the last 6 weeks, there is lots more evidence that the Commercial & Residential Bubbles In the US are getting far worse without bursting. How will this affect the small, medium and large banks? According to famous investor and short seller, Jim Chanos, small and medium sized banks throughout the US have record amounts of commercial real estate exposure at levels not seen in 2008-2009 or in the 1980s commercial real estate busts: https://twitter.com/jchatterleyCNN/status/1296137752887648263 Warren Buffett has been unloading a lot of his bank stocks, especially Wells Fargo (NYSE: WFC) shares, in anticipation of more problems in the US economy and real estate for the banks. TIP314: Thoughts from Ray Dalio, Eric Schmidt, Peter Thiel, & Sam Zell on the Current Economy https://youtu.be/Axs9KHplqYU Articles About US Commercial & Residential Real Estate Market Problems Getting Worse: 1) 250,000 Las Vegans Face Eviction Next Month https://www.zerohedge.com/markets/250000-las-vegans-face-eviction-next-month 2) NYC Restaurants Sue Cuomo For $2BN For Refusing To Allow Return Of Indoor Dining https://www.zerohedge.com/political/nyc-restaurants-sue-cuomo-after-governor-refuses-approve-indoor-dining 3) NYC Commercial Real Estate Sales Plummet 54% To Lowest On Record https://www.zerohedge.com/markets/nyc-commercial-real-estate-sales-plummet-54-lowest-record 4) Manhattan Rental Market Sees Another Record Plunge For August With 15,000 Empty Apartments https://www.zerohedge.com/markets/manhattan-rental-market-sees-another-record-plunge-august-15000-sitting-empty 5) America's Largest Landlord To Make $550 Million Bet On Trailer Parks https://www.zerohedge.com/markets/americas-largest-landlord-make-550-million-bet-trailer-parks Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 86 5 star iTunes reviews and we need to get to our goal of over 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**
- Read full article on: WallStForMainSt
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.