Fearing Losses, Banks Are Quietly Dumping Real Estate Loans

some_guy@lemmy.sdf.org to News@lemmy.world – 314 points –
Fearing Losses, Banks Are Quietly Dumping Real Estate Loans
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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They're just pointing out that history is repeating itself because we learned nothing from 2008

My bad, I should have put a "/s" on all my comments in this thread.

Those lines are directly out of a movie. Except they say rerun instead of repost. It just seemed that the OP was driving one of these:

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If it makes you feel any better, I liked your joke and even read it in raccoon hat kid's voice.

You know what, that does make me feel better.

But I guess those jokes stunk like manure! I hate manure!