The Banks are COLLAPSING and it's getting worse

📺 Watch Next: Americans Are Being CRUSHED By Credit Card Debt: 📞 Ready to buy your first fully done for you rental property? Book a free call with us: ❓Ask me a 30-second question at 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: 👨🏻‍💻 Sign Up for My Webinar: ----------------- It’s no secret that the commercial real estate sector has seen huge impacts since the pandemic. The work-from-home revolution has brought about sweeping changes for society and the economy at large. Office spaces and retail locations specifically have been hit hard with vacancies over the past few years, and there’s no sign of things trending in a positive direction. You don’t have to be an economist to see that things have gone south. If you’ve been in any downtown area or shopping mall in the past couple years, it’s blatantly clear that there’s been a shift in commercial real estate. In fact, Moody’s Analytics found that a staggering 19.6% of office spaces were not leased in the fourth quarter of 2023, up from 18.8% in 2022. This major shift in the workplace has totally upended the commercial office space industry. This combined with higher interest rates has put pressure on leaseholders and lenders alike, resulting in many businesses defaulting on loans. Nearly $1.5 trillion of US commercial real estate will be due for repayment by the end of 2025. And with interest rates being a bit higher, refinancing is risky. Small local banks with a high percentage of commercial properties on their balance sheets WILL fail. That’s exactly what Jerome Powell said. There will be defaults and collapses in community banks; we heard it straight from the horse’s mouth. You don’t have to read between the lines. There’s big trouble here. Federal Reserve data from September 2023 showed that commercial real estate comprised 44% of portfolios at small banks, vs. only 14% of the country’s 25 big banks. This situation could have serious consequences on a widespread scale. If you have money sitting in small local or regional banks, start thinking about ways to protect your money. There’s no longer any uncertainty about how work from home practices and the changing economy will impact office spaces. We’re seeing it unfold right in front of us, things are crashing. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.