Commercial Real Estate in Trouble in the US

There's some scary numbers being chucked around, don't they? Yeah. But it's not like you've got to refinance five trillion dollars worth of commercial real estate in the next six months. I think banks can wear those loans on their balance sheet personally,. particularly if interest rates do start coming down. Once we do figure out what sorts of real estate assets will serve the enterprise of the future, you might get quite a glut of commercialReal Estate lending in certain areas. And that might take over residential real estate at some point later in decade. So you can kind of see almost a repeat of that scenario playing out in the laser quality decade.