John Rubino's Substack

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Recession Watch: Real Estate Is Already There

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John Rubino
Apr 27, 2025
∙ Paid

As always, when it comes to real estate, Wolf Richter’s analysis and charts are very helpful.

Let’s take the office building story step-by-step:

  • Between 2010 and 2020, millions of square feet of office space were financed with unnaturally cheap credit.

  • During the pandemic, millions of Americans discovered that they prefer working from home and refused to…

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