Even though I wrote about residential real estate, commercial real estate is also coming under fire.
Here is an article that talks about a 60% decline in the value of shopping malls in the US in 2020. Can you imagine the debt that is about to go bad once the "kick the can down the road" antics are stopped.
Billions of dollars in debt is going to simply go bust.
https://www.zerohedge.com/markets/eye-popping-decline-us-mall-values-crash-record-60-2020
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technology is totally taking over the world and now many more people are interested in doing their shopping from home via the internet and the number of people that go to shopping malls are beginning to reduce....
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Well there's not much they can do when people are starting to get use to online shopping. Also the lockdowns have killed tourism and businesses in the region.
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