Financial industry predictions about a limited global real estate correction are misguided. Governmental responses to COVID-19 have severely damaged the worldwide economy, causing negative growth across nations.

Misguided governmental response to Covid-19 has brought the global economy to its knees and countries everywhere are facing negative growth.

This situation has created liquidity problems for ordinary citizens. We are on the path of a downward spiral for the foreseeable future.

The pending real estate downturn will be more severe and widespread than many industry professionals acknowledge.