Short Commercial Loan Lesson:
A broker came to me this week and asked if I knew of any banks that would make a line of credit secured by commercial property, sort of like a HELOC, but for an office building or an apartment building.
The answer was no. We here at C-Loans.com track thousands of banks and credit unions. To my knowledge, not a single one will make a line of credit on a commercial building. Apparently the banking regulators don't like them.
America Needs More People:
“At the risk of stating the obvious, unless something changes to cause
the birthrate to exceed the death rate, Japan will eventually cease to exist.
This would be a
great loss for the world.” – Elon Musk, May 10, 2022
"USA birth rate has been below minimum sustainable
levels for ~ 50 years." – Elon Musk, May 24, 2022
"Population collapse is the biggest danger civilization faces by far."
After the birth of his ninth and tenth child (twins),
"I mean, I’m doing my part haha." – Elon Musk, July 8, 2022
According to the Chinese Communist Youth League last week, 44% of Chinese women have decided never to have children. Not wanting to support and care for their husband’s parents, many have also decided never to get married.
The current population of China appears to have peaked at 1.41 billion people this year. Many demographers, who track the sale of diapers, baby food, and other common-sense indicators, suggest that the Chinese population growth rate probably went negative last year or maybe even earlier. China is no longer an unlimited source of labor. Its population may fall to just 600 million by 2300.
I watched this week in amusement as busloads of illegal immigrants were dropped off from Texas in New York City and Washington, D.C. Hey, those cities announced that they were sanctuary cities, so Texas simply demanded that they, “Name that tune.” Before those of you with a liberal bent get all furious with me, please read this entire letter. I am very pro-immigration.
Servicing Performing Loans is Easy
As I watched those immigrants get off the bus, several thoughts hit me. (1) This particular group of immigrants did not look like gangsters or criminals. I saw no tats or evil glares. I am sure that all sorts of “bad hombres” have been sneaking across the border, and I think we desperately need to finish building that wall.
But after that wall is built, I think we should go out and recruit millions more young Latin couples, along with their kids. They are mostly Catholics, and they believe in having big families. This country needs workers!
(2) Most of the immigrants on those buses were fit and healthy young men. Many of them had fled from the communist regime in Venezuela. I thought I heard the announcer say that there are up to six million refugees in Venezuela. Holy poop, that’s a long trip. The first thing these boys asked for when they go off the bus is how to find a job. Music to my ears.
(3) Demographers will tell you that whenever this country enjoys a huge wave of immigration (German, Irish, Italian, etc.), the U.S. economy starts to boom in about seven years. Want to see your stock portfolios go through the roof? Just allow 40 million young Latins – each carefully screened - into the country.
Let me say this again: Want to see your stock portfolios go through the roof? Just allow 40 million young Latins – each carefully screened - into the country. Folks, I would rather have to brush up on my Spanish than have to learn Mandarin.
