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The "wherethefuckdoesthisbelonganyway" thread

stoney

stoney

Part of the unwashed, middle-American horde
Jul 26, 2006
21,618
7,277
Colorado
jimmydean said:
@stoney would tell you to hedge your bets. You are a financial institution, you make sure to cover your nut.

Like Trump bankrupting a casino. :rofl:
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Commercial real estate has historically been the "safe" place for property investing. There was always a stream of income in the form of leasers and rates generally didn't change quickly enough to make the balloon mortgage refinances every 5-10yrs be an issue. The problem that's happened, is that the price of leasing is substantially less than before. As the leases expire, the new contracts are signed at a much lower rate. The lower income mixed with due interest rates that are often increasing, leaves a shortcoming. Banks that focus on commercial real estate are not sitting in a position where their loans are being defaulted upon. And beyond being defaulted upon, the properties are worth far less than the outstanding loan, so even if they take the property from the defaulting loan holder, they are still net negative once the property is sold.

This is one that really is a wtf situation. The idea that employees would start working remote and never come back to the building was ridiculous - basically a black swan event. This will lead to more supersized banks though, as they get acquired to prevent FDIC collapses.
 
jimmydean

jimmydean

The Official Meat of Ridemonkey
Sep 10, 2001
41,216
13,349
Portland, OR
stoney said:
Commercial real estate has historically been the "safe" place for property investing. There was always a stream of income in the form of leasers and rates generally didn't change quickly enough to make the balloon mortgage refinances every 5-10yrs be an issue. The problem that's happened, is that the price of leasing is substantially less than before. As the leases expire, the new contracts are signed at a much lower rate. The lower income mixed with due interest rates that are often increasing, leaves a shortcoming. Banks that focus on commercial real estate are not sitting in a position where their loans are being defaulted upon. And beyond being defaulted upon, the properties are worth far less than the outstanding loan, so even if they take the property from the defaulting loan holder, they are still net negative once the property is sold.

This is one that really is a wtf situation. The idea that employees would start working remote and never come back to the building was ridiculous - basically a black swan event. This will lead to more supersized banks though, as they get acquired to prevent FDIC collapses.
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Yeah, it's funny to see how they moved the wife and other lesser employees to a branch office rather than HQ downtown. While the drive is 15 minutes further, the parking is free vs $15 a day. She only goes in once, maybe twice a week for 2 hours, it's pretty pointless. Downtown is crazy empty still. A lot of places moved to cheaper spots in the burbs because of costs. What used to be prime hip cool real estate now has a view of open air drug markets in the empty building across the street.
 
rideit

rideit

Bob the Builder
Aug 24, 2004
23,359
11,521
In the cleavage of the Tetons
jimmydean

jimmydean

The Official Meat of Ridemonkey
Sep 10, 2001
41,216
13,349
Portland, OR
In case you are wondering, we are behind.

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www.cnn.com

A federal agency in charge of cybersecurity discovered it was hacked last month and was forced to take two key computer systems offline, an agency spokesperson and US officials familiar with the incident told CNN.
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jimmydean

jimmydean

The Official Meat of Ridemonkey
Sep 10, 2001
41,216
13,349
Portland, OR

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www.cnn.com

Texas Gov. Greg Abbott boasted shortly after he began soliciting private donations for his controversial migrant busing program that there would likely “be no cost to the state” given the outpouring of support from concerned citizens across the country.

But after nearly two years of fundraising to offset the program’s costs, Abbott’s operation has collected less than half of 1% of the roughly $150 million spent on busing migrants to sanctuary cities, according to a review of state records. And CNN found that the largest donation – $900,000 – never made it into the state’s coffers, either because it was a mistake or a prank.
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rideit

rideit

Bob the Builder
Aug 24, 2004
23,359
11,521
In the cleavage of the Tetons
knowyourmeme.com

Helen Keller Denial

Helen Keller Denial refers to a conspiracy theory denying various aspects of author and activist Helen Keller's life, including her disabilities, her ability to write, the claim that she flew a plane and sometimes her entire existence. The belief spread online throughout 2020, mainly through...
knowyourmeme.com knowyourmeme.com
 
SkaredShtles

SkaredShtles

Michael Bolton
Sep 21, 2003
65,741
12,762
In a van.... down by the river
rideit said:
knowyourmeme.com

Helen Keller Denial

Helen Keller Denial refers to a conspiracy theory denying various aspects of author and activist Helen Keller's life, including her disabilities, her ability to write, the claim that she flew a plane and sometimes her entire existence. The belief spread online throughout 2020, mainly through...
knowyourmeme.com knowyourmeme.com
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"The belief spread online throughout 2020, mainly through videos on TikTok."

More like spread online through complete and utter morans. :D
 
Pesqueeb

Pesqueeb

bicycle in airplane hangar
Feb 2, 2007
40,330
16,796
Riding the baggage carousel.
Was tempted to start a "America as a third world nation" thread.

news.northwestern.edu

U.S. maternal death rate increasing at an alarming rate

The U.S. maternal mortality rate is accelerating at an alarming rate, reports a new study from Northwestern Medicine. But it’s not due to the widely believed hypothesis that maternal mortality in the U.S. has increased largely because people are getting pregnant at older ages.
news.northwestern.edu news.northwestern.edu
 
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