Musk stopped paying rent for the Twitter offices in November.
The post Elon Musk Blamed for Goldman Sachs’ CRE Woes appeared first on Weekly Real Estate News.
Elon Musk Blamed for Goldman Sachs’ CRE Woes
Commercial Real Estate
Elon Musk sounds the alarm on real estate, warning a spike in defaults on mortgages and commercial loans could hammer banks
The turmoil in the banking sector could spread to the housing and commercial real estate markets, Elon Musk has warned. “This is by far the most serious looming issue,” he tweeted on Saturday. “Mortgages too.” The Tesla, Twitter, and […]
Housing
Elon Musk Warns Homeowners About the Value of Their Homes
For several weeks Elon Musk has been joining the voices of Cassandra, who foresee a real estate bubble bursting. He regularly alerts that the situation in the sector is deteriorating. For now, it’s commercial real […]
Financial Markets
Goldman Sachs mulls ‘strategic alternatives’ for consumer business after missteps
NEW YORK, Feb 28 – Goldman Sachs Group Inc’s (GS.N) Chief Executive David Solomon said the company is considering “strategic alternatives” for its consumer business after stumbles led to billions of dollars in losses. Solomon did […]