[quote=The-Shoveler]
Los Angeles barely escaped last year, I don’t think they have long.
[/quote]
“Some people said” they were on the verge of bankruptcy. It didn’t happen. LA isn’t closer to BK now, they’re much further away. And with rising RE prices, revenues will increase, and they’ll get further away.
Are they still at risk? Sure. I just don’t see a scenario that will cause another RE crash. “If” interest rates rise dramatically? How’s that going to happen? The Fed continues to control. As they have for decades.
