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Ken McElroy - Worse Than 2008? Commercial Real Estate Crash
Description
Keith Weinhold and Ken McElroy discuss the impact of rising mortgage rates on the commercial real estate market.
They talk about the foreclosure of a Houston real estate investment firm, and the need for syndicators to anticipate changes in interest rates and have capital reserves in place.
The speakers predict that high-rise commercial office buildings will be the first domino to fall in the commercial real estate market.
They also discuss the potential fallout from the expiration of commercial debt and the upcoming Limitless Expo event in Scottsdale, Arizona.
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Complete transcript:
Keith Weinhold (00:00:02) - Welcome to GRE. I'm your host Keith Weinhold last year's spiking of the Fed funds rate caused banks to fail this year and last year's. Doubling of mortgage rates is causing commercial real estate to fail this year. Why is it happening? How bad is it with commercial real estate and how bad will it get? That's the topic of today's conversation with Ken McElroy on Get Rich Education.
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