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Rebel Capitalist News

News: Kyle Bass Just Made A Prediction You Won't Believe

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 15 April 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitals hope you're well. So this just in from Kyle Bass. He says that we should tear down or start tearing down office buildings because they have zero value.

0:15.2

I'm not making this up.

0:16.5

It's in a recent interview with Bloomberg.

0:19.0

Let's go right over an article and check it out.

0:20.9

Title offices across America must be torn down.

0:25.1

Torn down says investor who won big in 2008.

0:28.6

I talk about Kyle Bass.

0:30.0

Office space available for reach, for lease, excuse me,

0:33.4

has reached a record high.

0:35.8

And if you guys watch my whiteboard video last night,

0:38.4

you know exactly what they're referring to.

0:40.9

And if you haven't, you got to check it out. It was all about this implosion with the commercial real estate market.

0:47.0

Financing for residential building is tepid despite demand.

0:52.0

Well that financing isn't going to be there too long

0:54.8

because if these regional banks continue to have issues,

0:57.7

when this debt has to roll over,

0:59.4

there's not going to be anyone there

1:00.6

to lend them money at any interest rate. And my whiteboard video I talked about in the next two

1:06.2

years there's 1.5 trillion dollars in commercial real estate debt that needs to be rolled over.

1:13.7

And that money was borrowed at like a 3% interest rate.

1:17.9

So what happens when they have to roll that over at 7 or 8% interest?

1:21.6

And that's if they can even find a bank. I mean after

...

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