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154 sats \ 7 replies \ @BlokchainB 22h \ parent \ on: Office CMBS Delinquency Rate Spikes to Record 11.7% econ
But the CUTS are coming! Just in time to roll over all of this toxic paper
They still need tenants and there are still a lot of empty offices, with more coming as the feds continue canceling leases.
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turn them into apartments or homeless shelters
or urgent care clinics
sanctuaries and hiding places for the undocumented
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I recently learned that when the feds stop using a building, the highest priority use it has to be considered for next is housing the homeless. Blew my mind
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I think it depends on the state
but let's pretend you are right... let's house the homeless there... I am optimistic that this will solve the housing and homeless crisis
edit:
can we burn the building after housing the homeless? obviously I would never do such a thing unless the homeless were Muslim
actually the highest priority should be illegal wetbacks.... I'm helping ice mask or otherwise
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Maybe I misunderstood what I read, but there’s an official priority list for what to do with federal buildings and homelessness was first.
Of course actually selling the properties is last.
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Yeah. I wish I had time to spend money on a Trepp account then we could share lulz about all the feds being on the delinquent list.
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Ah but that's all HUD-issued toxics! And the "let's remove some MBS from the Fed's balance sheet" seems to be... writeoffs: #1021043
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