😱 Foreclosure Frenzy & Default Drama
Profit from pain! Explore foreclosure & default hotspots.
Las Vegas, the city of dazzling lights and high stakes, is currently leading the nation in a less glamorous category: home foreclosures.
It seems the city, known for its opulent casinos and luxury hotels, is facing a grim reality with its sparkling skyline now overshadowed sudden dip in prices.
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Meanwhile, the commercial real estate sector faces its own challenges, especially in places like downtown Manhattan.
Despite efforts to revitalize the area, businesses are struggling to bounce back, and office loan defaults are skyrocketing.
In the middle of all this, the national debt has surged past $33 trillion, a fiscal fiasco that could have far-reaching implications.
In this edition of the AltReports:
🎰 Foreclosure Fiasco
📊 Banking Balancing Act
🎪 Profit Parade
🎢 Real-Estate Rollercoaster
📉 Fiscal Fiasco
Video of the Week: Morgan Stanley is Projecting a Sharp Downward Revision to GDP
Chart of the Week: Beware the “Soft Landing” Consensus
Podcast of the Week: Cashing in on the Commercial Real Estate Crash
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Everyone else feeling bad about their markets, eat your hearts out! Vegas is chilling on top, being the front-runner in this disastrous economic jamboree!
Vegas won't be perfect without a little drama, right?
Flashy casinos and jazzed-up hotels- all good, but this grim add-on to the sparkling skyline is the sad reality of life in luxurious Vegas.
Midtown Manhattan is stirring again, but downtown, she's flat on her face.
Despite free lunches and transit fares, businesses need to morph into creative unicorns to bring back the worker bees.
As office loan defaults rise faster than a Space-X rocket, cities' lifelines, and banking systems hang in the balance.
Despite a notable drop in home flipping rates in Q2 to the lowest since 2021, real estate number-crunchers, ATTOM, revealed that investors' wallets got a bit heavier, with a significant increase in profits tagged at 18% over the first quarter.
Selling for an average of $66,500 more than they were bought, flipped houses fetched a 27.5% return, up from 22.9% in Q1