🚨Bloody hell:
The delinquency rate on US commercial mortgage-backed securities (CMBS) for offices SURGED to 10.7%, the highest in 11 YEARS.
Office CMBS delinquencies have risen even faster than during the Great Financial Crisis.
Commercial real estate crisis is getting worse. pic.twitter.com/YK0aIidJWJ
— Global Markets Investor (@GlobalMktObserv) December 1, 2024
Sub-prime lenders: 70% DSCR loans assume unrealistic 90% AirBnB occupancy rates.
Remember, they write these at 90% pic.twitter.com/bUtGnSjYhr
— Darth Powell (@VladTheInflator) December 3, 2024