If you want a lot of commercial real estate you may want to skip today's video because the commercial real estate industry is getting destroyed for a few different reasons one in 2019 commercial real estate was already getting crushed because we were no longer going to malls how many malls that we see that were abandoned I live in an upscale community in Dallas Preston Hall or right across the street was a mall with a movie theater abandoned massive we're seeing this across the country why we're shopping online then covid hits people are not working from home everybody was accidentally trained on working on zoom and people

started saying maybe we don't need all this office space and then on top of that then rates by comes the way this right now with interest rates then banks are getting destroyed and money's leaving banks to money markets of banks don't have the money to lend to commercial real estate buyers and people are saying what the hell is going on right now there's a commercial real estate property in San Francisco just five years ago it was a 300 million dollar property this is in the news they're estimating it's going to sell on an 80% discount from 300 million dollars to six

$60 million and I'm going to show you a few things that's going on right now with commercial real estate again if you're in this industry watch it at your own risk

I don't know how close to your following on what's going on with art as an alternative investment but a lot of major companies like Goldman Sachs Pymco

they're starting to talk to their clients about alternative investment matter fact this last year I was at art basil and guess who was there

Goldman Sachs I had a dinner with them and it was all around people that are investing millions of dollars into art as an alternative investment

here's some stats 2022 was the biggest auction you're ever highest total from victory auction houses nearly

eighteen billion dollars so now you may say Pat that's great I can't afford to buy a five million dollar

piece of art or an eight hundred thousand dollar piece art I don't have that kind of money you sometimes

talk about baseball cards you buy four million dollars I don't have that kind of money I understand

the same way they created mutual funds a company called masterworks allows you to buy into art by

Andy Warhol Pablo Picasso whoever may be Banksy but you buy shares of that art so you'll say

here's a million dollar piece I own a share of this art and then while they sell it you make the return

on that piece of art so today with what's going on with inflation what's going on with the economy

what's going on with the stock market people are a little bit concerned one of the asset classes people

are looking at is alternative investments specifically in art and if you want to participate in this

I highly recommend you look into masterworks everything they do is buy the books SEC you have to

do your own due diligence while you go through but if it is something you want to participate in

click on the link below if you get involved with them it's buying the station only they have

six hundred thousand people already that are working with masterworks and if you want to diversify

your portfolio I highly recommend you consider masterworks I'd if you give out you from this video give it

a thumbs up and subscribe to the channel let's get right into it by the way don't take my word for

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