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🚨 REAL ESTATE: $47 billion of residential buildings threatened with default in the USA!
The official figures are frightening:
❌ 15.1% of residential real estate in arrears
❌ 67.1% of these properties do not generate enough income to cover their repayments
❌ An additional $76 billion threatened
Covid has created a deadly bubble! Amateur investors have massively bought apartments in the South, seduced by low rates and find themselves stuck...
😨 Rates are exploding
😰 Insurance is soaring
😭 Rents are collapsing in Florida
⚠️ "It's the bomb that hasn't exploded yet" warns Carson Block. The office sector was just a foretaste.