It was the year 2007 when we saw subprime mortgages starting to wreak havoc. The chaos continued until we are now in the worst economic crisis since the Great Depression. Back then, commercial real estate was still safe from the cancerous crisis.
Now, there is no doubt that even commercial real estate is affected. It was a domino effect: business owners defaulted on payments after customers, who own subprime mortgages, had avoided spending. Is there still hope?
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