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đ¨ REAL ESTATE: $47 billion of residential buildings threatened with default in the USA!
The official figures are frightening:
â 15.1% of residential real estate in arrears
â 67.1% of these properties do not generate enough income to cover their repayments
â 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...
đ¨ Rates are exploding
đ° Insurance is soaring
đ Rents are collapsing in Florida
â ď¸ "It's the bomb that hasn't exploded yet" warns Carson Block. The office sector was just a foretaste.