Changes in Commercial Real Estate

Ben Miller, CEO of Fundrise, discusses the state of commercial real estate.
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[FOURTWENTY.SIXTYNINE]

Water is wet, the sky is blue, and no one wants to come into the office 5x a week.

[qazwsxedc]

Its hard to find anyone on bloomberg that speaks the real truth.

[GeorgeSchneider]

You can’t fix housings without removing speculation in the sector:
•completely shrink the fed balance sheet
•eliminate form 1031 exchange
•no bailout for real estate

[Dave-zlky]

Not everyone needs a 5 bedroom 6 bath house with a three car garage. Builders need incentives to build starter homes and buyers need incentives to buy them.

[marengoczar]

Unless Income increase faster than house prices, how are thing going to keep up?

[kelmartine]

No one is stating the obvious that these real estate issues have been caused by terrible policy changes designed on purpose to destroy business, create housing prices and financing that the average American simply can’t afford, an energy crisis that was completely avoidable through drilling for oil, “sanctuary city” policies that destroyed places tax payers want to to hang out in, and a way for the government to own everything while we suffer. I wish the average American voter was educated on policy. Instead we’re educated on social issues that keep us divided and unable to see the forest through the trees.

[_of_]

Curious about the current state of commercial real estate? Just ask a property manager! Office buildings are facing vacancy rates exceeding 57%, which is why a $330 million NYC UBS building recently sold for just $8 million. Meanwhile, homes are grossly overpriced—sometimes two or even three times their value—due to Wall Street's aggressive buying, which has sidelined families and fueled a rental monopoly. Low interest rates are not the cause of high home prices; even when rates were 16% or 13%, homes were still affordable. Ghost housing - millions hidden from home supply reports

[Coisiniiiiii]

There is a video title that caught my attention: "This $500, 000 property will cause the London housing market to crash." It sounds like big news. Has anyone seen this video? I'm curious about what it's about.

[fongelias]

the demand isn't there, regardless of price changes due to the new interest rate environment

[Commonsenseisnotcommon]

I agree that wages need to go up, but what about housing prices going down. They are way inflated houses are not worth that much. And just because it’s everybody’s investment you don’t want to say the truth. The price needs to slash by 20 to 30% and go back to what it was in 2019. There’s no sense in houses doubling in price in five years.

[kurtphilly]

Why does no one talk about commute times when they mention WFH?

[brianscroggins]

A nation of renters. That was always the plan.

[s.gharavi]

Commercial real estate is going to go downward, not up!! hack.