It is possible. Commercial real estate is not cheap and most is financed.
The difference is banks tend to not foreclose quickly. This is what happened in 2008. Residential was killed but the commercial was now foreclosed upon.
This is the reason why I love the pandemic, especially the lockdown. It was really well thought out and a very wise policy. Imagine the ghost cities it created.
Defaulting on billions of loans? 😥
It is possible. Commercial real estate is not cheap and most is financed.
The difference is banks tend to not foreclose quickly. This is what happened in 2008. Residential was killed but the commercial was now foreclosed upon.
What a disaster to invest in a business via financing that yields little to no return.
This is the reason why I love the pandemic, especially the lockdown. It was really well thought out and a very wise policy. Imagine the ghost cities it created.