Original article The Auberge du Soleil, a five-star hillside hotel and spa with a panoramic view overlooking the vineyards of Napa Valley, appears to be first-rate in all ways but one. While the glamorous resort, an hour’s drive from San Francisco, fills rooms that routinely go for $2,000 a night with […]
“The Meltdown of Commercial Real Estate”
In case you’ve still got money in a bank, Bloomberg is warning that defaults in commercial real estate loans could “topple” hundreds of US banks. Leaving taxpayers on the hook for trillions in losses. The note, by Senior Editor James Crombie, walks us through the festering hellscape that is commercial […]