If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.

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.

  • FuglyDuck@lemmy.worldEnglish
    131·
    5 months ago

    Because I didn’t read the article.

    NYT’s has paywalls for days… I deal with a lot of property managers and this is more or less what they’re talking about. the banks could ease the problem by waiving the terms, but they’re electing not to.