In this episode of Current Yield, Jim Grant, along with Evan Lorenz and Seth Weissman, discusses the current state of real estate with a focus on commercial properties and credit opportunities. The conversation begins with a reflection on recent events and their impact on the market, including the Trump meme coin and its implications. Weissman shares insights on the challenges in commercial real estate, such as regulatory restrictions, rising insurance costs, and construction expenses, which are driving a shift towards credit investments. The discussion covers the difficulties banks face with distressed loans, the slow pace of crisis resolution, and the potential for opportunities in the credit side of real estate, highlighting specific examples of loan structures and strategies for managing risk in a turbulent market. They also touch on alternative uses for vacant office spaces and the impact of remote work on the demand for physical office space.
