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.

  • kent_eh@lemmy.caEnglish
    1·
    5 months ago

    Remodel as residential?

    That’s expensive and time consuming.

    I’ve seen it done a couple of times and it took way longer than just bulldozing and rebuilding. But that would have been even more expensive.