The two biggest hotels in San Francisco have just decided to default on their mortgages. The mortgages on 30 more are due in the next two years. Malls are struggling. Companies are looking at their break clauses as staff don't want to work in offices and the companies see a way of lowering overheads while interest rates are rising. A huge wave of commercial real estate defaults are on the horizon and could crush the US economy. Watch our video to learn more about how commercial real estate losses could cause even more bank failures.

#realestate #personalfinance #recession2023

This video is provided for entertainment purposes only and should not be considered as financial advice. Remember, the value of your investments can go down as well as up and you should engage a professional financial advisor rather than rely on an anonymous video on YouTube….

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