71419295
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The new normal for Commercial Real Estate (CRE):
Properties are selling for less than half of what they were worth just 5 years ago.
A downtown Los Angeles office building that sold for $92.5 million in 2018 just sold for $44.7 million.
2 days ago, the Aon Center, Los Angeles' third largest building, sold for 45% less than its last purchase price in 2014.
All as real estate giants like WeWork file bankruptcy and flood the market with supply.
The strength of housing continues to mask the weakness...
Properties are selling for less than half of what they were worth just 5 years ago.
A downtown Los Angeles office building that sold for $92.5 million in 2018 just sold for $44.7 million.
2 days ago, the Aon Center, Los Angeles' third largest building, sold for 45% less than its last purchase price in 2014.
All as real estate giants like WeWork file bankruptcy and flood the market with supply.
The strength of housing continues to mask the weakness...
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71419295
commented on
$Mobilicom(MOB.US$ I hope to pull a wave after lunch to get me back on track
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71419295
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$Bed Bath & Beyond(BBBYQ.US$ 100% gain tomorrow then 200% Friday
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71419295 : Hi Biff, You don't know me, but I've been following your post for a while. I hope you don't mind me asking, how confident do you feel about this? What percentage of your own bag are you putting on this?