{"id":60288,"date":"2023-04-03T05:07:52","date_gmt":"2023-04-03T09:07:52","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=60288"},"modified":"2023-04-04T18:10:05","modified_gmt":"2023-04-04T22:10:05","slug":"distress-office-is-coming-at-bargain-prices-nvidia-shines-and-shines-now-buoyed-by-exploding-ai","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=60288","title":{"rendered":"Distress office is coming at bargain prices. Nvidia shines and shines — now buoyed by exploding AI"},"content":{"rendered":"

Cash is now king. Have it, hoard it, spend it on bargain, distress real estate, now emerging, e.g.<\/p>\n

\"\"<\/p>\n

The story: Many office buildings can’t meet their monthly nut (expenses) because tenants have fled and variable rate mortgage interest expense has skyrocketed.<\/p>\n

Three factors are impacting office:<\/p>\n

+ People working from home.<\/p>\n

+ The Fed raising interest rates.<\/p>\n

+ Cities like LA, Portland, OR and San Francisco mismanaging their burgeoning homeless.<\/p>\n

That LA story comes from The Commercial Observer.<\/em> Click here.<\/strong><\/a><\/p>\n

The latest Economist<\/em> has a piece:<\/p>\n

Commercial-property losses will add to banks\u2019 woes<\/strong>
\nReal-estate investors see a hellish-perfect-dumpster-fire-storm<\/p>\n

Click here.<\/strong><\/a><\/p>\n

Gains in Tech<\/strong><\/span><\/p>\n

My biggest gainer this year is Nvidia. Here’s an overview:<\/p>\n

\"\"<\/p>\n

Here’s Jensen Huang, Nvidia’s founder on Nvidia and AI. I understood about 5% of what he said.\u00a0 But it’s an impressive five percent.<\/p>\n