Comments by "BrickTop" (@bricktop7803) on "The 2023 Housing Crash You Never Believed Was Real" video.

  1. The pain is yet to come. The only way property prices will fall, is when unemployment goes up bigly. The next 18 months is going to be carnage for CRE and small to medium businesses. Unlike RE on fixed mortgage rates, when you got business loans and CRE loans, they are on a variable rate on 3 year cycles. They gorged on loans at 2% in 2020 -2022. Unfortunately their time is up, its either pay off the complete loan, or Refin at 10%. Many companies are currently on a shoestring and will have no option but to shut shop. The business analysts suggest unemployment will reach13% in 18 months time. A lot of small businesses, and small banks are going to go under. Most of these CRE and business loans are the bread and butter of small to medium banks, that was the only place they could get credit. If the small banks lose liquidity, they go under. The big banks wouldn't touch the small and medium businesses. You got to remember what is classed as a Small Business in the US, they have up to $40 million in revenue and employ 1500 people...
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