Are Major Cities Going to
Become Ghost Towns?
Happy Friday, !
On the positive side, that elevator that never works in your office tower isn’t really needed anymore.
There’s a perfect storm brewing with commercial real estate, and it’s not going to be pretty. With more vacant offices in NYC than could fill 26 Empire State Buildings, the ability to finance these buildings could have a greater impact on the economy than what we saw in the Great Financial Crisis. Not all commercial real estate is equal, however, and there may be a way out - we have a look at all of this, and what it means to you and your family, in our Making Sense segment this week.
We also add our quarterly market commentary in the Secrets of Success. We have a look at many of the financial items that have been making headlines, including AI, interest rates, inflation, and credit. There’s a lot going on, and as BlackRock has been saying, it’s not a time to be broad in the market.
We leave you, as always, with a fun story regarding the geared-to-income fine system in some EU countries and how this led to a 7-figure speeding ticket!
The only way to listen/watch/read these riveting topics is to simply click the images below or use these direct links to enjoy as a , Video, or .
Enjoy and have a fantastic weekend!
All the best,
Trevor
