...already happening and will only accelerate with time.
California commercial real estate foreclosure filings almost tripled in January from a year earlier, per Bloomberg. About a fifth of commercial loans with foreclosure filings in 2023 came from banks, with the others provided by insurers, nonbank lenders and wealthy individuals:
https://x.com/unusual_whales/status/1783817549752496388
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...already happening and will only accelerate with time....
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