Elon Musk rang the alarm on house prices and commercial real estate this week. Here's why he's worried about a property disaster.
in fear of further bank runs, raising the prospect of a credit crunch. They may also be more wary of lending given the prospect of a recession, pressure on their asset portfolios, and the increased risk of loan defaults when rates are higher.
A painful mix of downward pressure on asset prices, higher borrowing costs, and tighter lending by regional banks is especially bad news for the commercial real estate industry, which is heavily reliant on debt financing from smaller lenders.The Tesla chief has been making dire predictions about real estate for several months now.on Fox News'"Tucker Carlson Tonight" in April."That's more like an anvil, not a shoe.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Twitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity Says(Bloomberg) -- Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its stake in the company. Most Read from BloombergPutin Orders Tighter Defenses After Drone Strikes on MoscowWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesStock Rally Hits a Wall After AI-Driven Euphoria: Markets WrapTaiwan Rushes to Prevent China From Cutting Internet, PhonesNvidia Touches $1 Trillion Mark
Baca lebih lajut »
Twitter is now worth just 33% of Elon Musk’s purchase price, Fidelity saysTwitter has struggled financially since Musk took over. After saddling the company with $13 billion of debt, Musk’s erratic decision making and challenges with content moderation led advertising re…
Baca lebih lajut »
Elon Musk: House prices will plunge, commercial property in meltdownElon Musk warns house prices are set to plunge – and says commercial real estate is in meltdown
Baca lebih lajut »
Elon Musk’s New Texas Neighbors Don’t Want His Poop in Their RiverEager for investment but protective of their rural homeland, these Texans are not super thrilled with Musk’s environmental stewardship.
Baca lebih lajut »
Twitter Faces Potential Ban In Europe After Elon Musk’s Company Pulled Back From Disinformation RulesElon Musk’s Twitter platform could potentially be banned in Europe if it doesn’t follow the disinformation rules. The threat comes from France’s Digital Minister Jean-Noël Barrot …
Baca lebih lajut »
Elon Musk's private jet has landed in Beijing - Reuters witnessA private jet used by Tesla Inc CEO Elon Musk has arrived in Beijing, according to a Reuters witness.
Baca lebih lajut »