Billionaire Ceo: $1 Trillion In Commercial Real Estate Defaults Coming Subsequent 18 Months To 2 Years

REM is independently owned and operated, and is not affiliated with any real estate affiliation or board. Normally, a slide like this would not pose a threat to the monetary system, however the present circumstances may make it completely different. The Federal Reserve, in its May Financial Stability Report, already mentioned the exposure of monetary establishments to industrial real estate debt. A report on Politico.com at the moment also discussed the influence this publicity might have on banks’ portfolios, particularly in light of rate of interest will increase over the previous 12 months. When monetary institutions face such duress, the…