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I started saying this last March, the next big crash or rather the biggest fallout from the pandemic will in commercial real estate. Just because of how the ind
by joshocar 6y ago
I started saying this last March, the next big crash or rather the biggest fallout from the pandemic will in commercial real estate. Just because of how the industry works, these commercial real estate companies are leveraged like crazy and it's not like you can turn around a rent/sell the property easily in this market. Banks set aside billions last quarter in expectation of this happening.