Those investors are less screwed than if they'd bought in at higher valuations because of a lack of any downward pressure. It might be bad in the short term for

Those investors are less screwed than if they'd bought in at higher valuations because of a lack of any downward pressure. It might be bad in the short term for the economy of the local area, but the malls were going to collapse sooner or later, and now capital is freed up for more sustainable investments - such as walkable neighborhood shops.