Sacks: Real estate sponsors and regional banks will suffer without 2024 rate cuts
David Sacks · E162: Live from Davos! Milei goes viral, Adam Neumann's headwinds, streaming's broken model & more · Jan 19, 2024 · at 46:48
David Sacks discusses commercial real estate debt pressures and bank leverage during a episode on market dynamics.
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“If rates don't come down as expected this year, you know, I think the market's expecting a 150 basis points of rate cuts. If that doesn't actually happen, there's a lot of real estate sponsors who are in trouble. And in turn, there's a lot of regional banks who are in trouble because they're the ones who made all these loans to these sponsors.”
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