PP, my wife and I have traveled the country this summer, I reside in Austin which is supposedly leads the nation in occupancy. I can say I don’t see it. In many cities I see the same, empty offices and closed stores especially in the downtown areas. I am sitting at a coffee shop in downtown Denver as I write this and it’s very sad to see.
Downtown commercial Real Estate is not only MASSIVELY impaired, but it’s insanely illiquid…best of luck to the owners when the currency and credit collapse starts accelerate.
IMHO we ain’t seen nothin’ yet…and speed of settlement is going to be of the essence.
https://www.zerohedge.com/markets/older-office-towers-cities-face-tsunami-trouble
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