🔥 Mortgage Meltdowns and Hotel Havoc
From homes to high-rises: uncovering the challenges and opportunities amid mortgage crises and hotel industry upheavals.
While everyone else has been crying over their real estate portfolios, we're over here with our shopping carts, ready to grab some deals.
Remember when people were throwing their money at any shack with a door? Good times. But now? It's a full-blown clearance sale!
Short Term, High Yields
How are thousands of investors growing their wealth in today’s economy?
They use Percent, a frontrunner in private credit investments.
Private credit investments are privately negotiated loans and bypass the banks, so investors can often score higher returns compared to traditional assets.
Shorter-term investments: many durations are between 9 months to several years, some have liquidity available after the first month
Low minimums: can invest as little as $500 to start
Welcome bonus: You can earn up to a $500 bonus on your first investment
Diversification: access to small business lending in Latin America, Canadian real estate, US merchant cash advances, and more.
Hotels are dropping like flies, and some might be yours for a song. And get this, even the big ol' US Bank is having a bit of a meltdown moment with their mortgages.
And the multifamily properties? Some big names are wobbling, but hey, companies like the Blackstone Group are playing "Supermarket Sweep" with prime properties.
In this edition of the AltReports:
📉 Price Plunge
⚖️ Default Drama
💼 Mortgage Massacre
🏚️ Housing Havoc
💥 Apartment Apocalypse
Video of the Week: How Empty Offices Become Apartments
Chart of the Week: Small banks still high on CRE
Podcast of the Week: Homeless to Millionaire with Landflipping
The Housing Stalemate and Why Prices Will Continue Going Down
Real estate prices are taking a swan dive and there's no pool boy in sight. Bubble? What bubble?
Subprime lending fiascos, high unemployment, and fear-stoked buyer hesitation all play a part. The prognosis?
Time to wake up and smell the foreclosure!
The Third Wave of Hotel CRE Defaults Has Started
Looks like hotels are in deep trouble again! The commercial real estate industry is facing a third wave of massive defaults.
This means more hotels are struggling to pay their debts and keep their doors open. It's like a never-ending roller coaster of financial chaos.
So, if you were planning a fancy hotel getaway, you might want to double-check if they're still in business.
US Bank imposes mortgage layoffs
Current rates have forced US Bank to lay off a lot of employees in its mortgage division.
Mortgage volume has been in free fall since the Fed started raising interest rates.
The bank’s total mortgage origination volume is down 41.7% year over year.