San Francisco’s office leasing market has worst year since 2009.
Government Buckles, Guarantees Buy-to-Rent Mortgage-Backed Securities for First Time Ever. Wall Street Wins Again.
It blames the Fed & Bernanke; the dark side of “healing” the housing market.
Not all is well at this glamorous piece of real estate.
It’s not just the oil bust.
The financialization of rents.
Though it cannibalizes the rest of the economy.
Now in San Francisco, New York, Boston, Chicago, Washington DC, and perhaps a city near you.
Auto Sales, Construction Get Totally Crushed.
It’s the banks they’re worried about.