"Wah, wah, our expensive commercial real estate is losing value!"
From what I've heard commercial real estate is crashing in major cities like New York, London, etc. Real estate is largely controlled by people who bought it as an investment, for tax avoidance or money laundering. Basically a best-of of Deutsche Bank. As few businesses can afford their rates anymore these cities are dieing.
It's also tied to how much those banks can loan out. If commercial crashes in those major markets their balance sheets start to look real bad real quick.
"Wah, wah, our expensive commercial real estate is losing value!"
From what I've heard commercial real estate is crashing in major cities like New York, London, etc. Real estate is largely controlled by people who bought it as an investment, for tax avoidance or money laundering. Basically a best-of of Deutsche Bank. As few businesses can afford their rates anymore these cities are dieing.
It's also tied to how much those banks can loan out. If commercial crashes in those major markets their balance sheets start to look real bad real quick.
Their balance sheet already looks like shit. DB has been in the red for quite a while now.