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b_b · 528 days ago · link · · parent · post: Interest-Only Loans Helped Commercial Property Boom. Now They’re Coming Due.
My brother is in the commercial finance business and just got laid off yesterday. Survived the whole financial crises 15 yrs ago unscathed, so I guess the banks are pretty wise to the reckoning that’s coming.
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Thanks. I think he does too. He's too much of a pothead to have any ambition to change jobs without a reason to, and he only ever started working for that shitty company when they bought the company he used to work for. So while I'm sure it's frightening in the short term to have three kids and no job, it will be liberating eventually.