Why Is Your Rent So High?
Big Take
00:00
What's Going to Happen to Commercial Real Estate?
In the UK, for example, I think you write that housing prices are as much as 20% overvalued. The banks have been much more responsible this time than in the buildup to the global financial crisis. So a lot of the cases, it's actually the equity holders, which in many cases are our pension funds. They're going to be feeling the impact of this coming up in the next year.
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Transcript
