The commercial RE is walking into winter.

I have observed many brand new strip shopping malls staying empty for long time, a year since I paid attention to them.

Commercial RE has one distinctive disadvantage: it is not some thing people have to have. But in good time, the rent is high. Apartment should fare a little better.

People say deflation will create opportunities. But they do not know by then, the money is scarce. Cash is the king.

Now, banking and housing is in deflation. Let's see if monetary inflation can save them.