This compilation of financial news includes videos by RJ Talks, Gregory Mannarino, Steven Van Metre, Reventure Consulting.
RJ Talks
Jun 20, 2023
Wave of Bankruptcies Brewing as Thousands of Companies Face SPIKING Leveraged Loan Yields
With the Federal Reserve’s monetary policy continuing to keep interest rates higher for longer, it’s causing massive strain on the housing market, real estate, but also on hundreds, if not thousands of private and public companies now facing the very real possibility of going bankrupt. With total Chapter-11 bankruptcies in the first four months of 2023 already exceeding all bankruptcies in 2022. These are not real estate loans, but direct loans, corporate lines of credit, etc.
The companies most at risk are those that failed to fix their rates on their floating rate loans. According to new data compiled by Bloomberg, 75% off all US floating rate debt has not been hedged, and faces serious risks of pushing these borrowers into bankruptcy. Many of the largest private equity firms are facing some of the largest financial risk as they are the backers of a lot of these loans and also own or partially own many of the businesses that failed to fix their rates.
Gregory Mannarino
Jun 23, 2023
SHockER! Bond Yields DROP! Look For Gold, Silver, AND CRUDE OIL To Rebound. More Updates. Mannarino
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LIVE! Forget Regional Banks… BIG TROUBLE IS COMING FOR THE MAJOR BANKS! Expect BAILOUTS. Mannarino
Steven Van Metre
Jun 23, 2023
Economies in Freefall: Countries Worldwide Are on the Brink of Plunging into a Deep Recession
Reventure Consulting
Jun 23, 2023
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Airbnb owners are about to cause a massive housing crash in certain cities across America in 2023 and 2024. The central issue that will cause this Housing Crash is Airbnb Bust, the new trend where revenues for Airbnb owners have plummeted by as much as 50% in areas like Phoenix, Austin, and Tennessee.
Plummeting Airbnb revenues is a big problem because lots of investors bought up Airbnbs over the last several years and heavily increased the supply. There are now roughly 1 million Airbnbs / VRBO rental in America compared to only 570k homes for sale.
Going forward we are likely to see many of these owners sell to avoid taking further losses on their Airbnb. Especially because many investors bought up short-term rentals with subprime mortgages, specifically called DSCR Loans. These loans don’t require income verification from the borrower and are collateralized by the income profitability of the property.
Which is now becoming an issue in areas like Sevierville, TN, where Airbnb revenues have declined by 50% over the last year. This market in eastern Tennessee was a hotbed for Airbnb purchases with DSCR loans and now there are nearly 10x as many short-term rental listings as there are homes for sale – a concerning signal that suggests inventory in this market will spike and prices will decline.
Airbnb owners might also elect to rent their properties long-term, which could cause even more vacant rentals to hit the market in cities like Phoenix, Austin, and Nashville. Which would put downward pressure on rental rates and eventually cause home prices to go down by more.
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