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.

      • blusterydayve26@midwest.socialEnglish
        12·
        5 months ago

        Nah, it’s a repost from late 2007.

        Sorry, I mean a repeat of late 2007, the fourth or fifth “once in a lifetime economic crisis” for millennials that will somehow magically end with billionaires owning an even larger percentage of the GDP.

        “How could this possibly happen, again, again, again, again,” will cry the economists billionaire simps.

          • Glytch@lemmy.world
            3·
            5 months ago

            They’re just pointing out that history is repeating itself because we learned nothing from 2008

            • LilDumpy@lemmy.worldEnglish
              3·
              5 months ago

              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:

              Image

      • Asafum@feddit.nl
        3·
        5 months ago

        Isn’t this just going to be “great recession 2 office building bugaloo?”

        Part 1 was the great recession caused by sub prime loaning assholes and combined debt packages.

        Similar story different players apparently…