Fearing Losses, Banks Are Quietly Dumping Real Estate Loans
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![Fearing Losses, Banks Are Quietly Dumping Real Estate Loans](https://lemmy.world/pictrs/image/9e889384-04ec-4bd1-8666-cf7142e3fbc1.jpeg?format=jpg&thumbnail=256)
nytimes.com
If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.
Hard times are likely ahead for a lot of people. Mind your expenses and plan to save where possible just in case. Apologies for having a doomer outlook; I'm very cynical about capitalism, especially in the USA.
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You joke but when you default on a loan they will eventually offer to settle at a lower amount
At the expense of your credit score tanking and never being able to recover.
Your credit will eventually recover, and you already have a house!
Oh no you get a lower score in a stupid game