The problems are the Path: Man Plans GOD Laughs
I love that phrase. Its origination is a mystery to me, it could have come from something Biblical. Throughout my career there are numerous times when chaos was created, that GOD was laughing at the plans of Man. Ladies, don't get offended. Biblical references all reference Man not both sexes ( the main reason I think this is a Biblical Quote). In fact, I doubt if chaos would have been created if Woman Planned. The past plans of Man of lower interest rates being a new normal has created chaos for those both of minimal net worth and experience to those of substantive net worth and education and experience to fall into a crisis of credit and net worth devaluation. The Trillion or so dollars in Office Building Debt that is supposed to come due in February 2024 is one example of the plans of Man that go awry. The expectation that both office buildings would remain full and rising rates were guaranteed were matched with add on loans that were short in duration or worst variabl