As if the government has not done enough destruction in the housing market, there now is a scheme to have the government nationalize second mortgages. Given the previous disaster with primary mortgages, we do not anxiously await the outcome of this proposal.
Artis Shepherd
Artis Shepherd is the Founder and Managing Partner of a private equity firm based in the Dallas-Fort Worth area, and previously worked for a sovereign wealth fund in the Middle East overseeing their hospitality investments in Europe, Africa, and Asia. He has a BS in Computer/Electrical Engineering from Purdue University and an MBA from the University of Chicago (Booth) Graduate School of Business. He publishes content at MTSObserver.substack.com.
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Commercial real estate in the USA is facing a major crisis which could not have been possible without the enabling of the Fed and the draconian restrictions imposed during covid. As commercial real estate prices collapse, the usual suspects call for even more bailouts.