Re:Busted retailers use bankruptcy to break leases by the th...
by sharklazer on Thursday August 06, 2020 @04:31PM
(#24075148)
This isn't just malls. This is concerning ALL retail/commercial real estate, a lot of which has still been heavily used.
Behind this is a lot of overvalued debt, which is at risk. Large institutions essentially treat this debt like dollars and have a bunch of their holding spread across a bunch of mortgage-backed securities such as these. Effectively, debt needs to be written off, and as such, "dollars" will disappear. This could result in some serious deflation.
Behind this is a lot of overvalued debt, which is at risk. Large institutions essentially treat this debt like dollars and have a bunch of their holding spread across a bunch of mortgage-backed securities such as these. Effectively, debt needs to be written off, and as such, "dollars" will disappear. This could result in some serious deflation.