I invest in, traditionally commercial real estate. A year ago I sold a major property. When I went to reinvest the money I was looking at some properties and my banker outright told me the bank is NO LONGER lending on Commercial Real Estate. That was 1 year ago.
I bought a neighborhood of duplexes and a large residential rental building just as rates were getting a bit too high.
www.zerohedge.com
And now here it goes. . . the FDIC has seized a bank.
I bought a neighborhood of duplexes and a large residential rental building just as rates were getting a bit too high.
Bank Failures Begin Again: Philly's Republic First Seized By FDIC | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
And now here it goes. . . the FDIC has seized a bank.