3min chapter

On The Market cover image

121: Why the Fed is Steering Us Straight Towards the Next Great Recession w/Danielle DiMartino Booth

On The Market

CHAPTER

Liquidity and Residential Real Estate in Business

There is no shame in having dry powder because it pays and it pays you twice what inflation is. There was fresh data out today that said that distressed commercial real estate inventory just hit a record high dollar level. Trep told us that office delinquencies skipped north of 5% moved 100 basis points in a month. The fact that we have all these Airbnb jocks who are being forced to begin liquidating their portfolios of condos that they thought they were going to rent out forever at COVID-high prices per week.

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