Experts Warn of Train Wreck Coming for Commercial Real Estate Market
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A New York Times bestselling author said the US real estate market is bound to crash.
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"It’s a slow-moving train wreck," said The Bear Traps Report founder Larry McDonald regarding the commercial real estate market.
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Buildings "cannot service the debt," said Peebles Corp. CEO Don Peebles, predicting "massive defaults."
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Cantor Fitzgerald CEO warned of a "generational change" and $700B - $1T in defaults coming in 2024-2025.
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The experts argued "aggressive rate cuts" from the Federal Reserve are the "only way" to slow defaults in commercial real estate.