It seems that many in the financial industry are starting to push the notion that somehow the pending global real estate correction will be limited in scope. In my opinion, this is a dangerous fallacy.
Misguided governmental response to Covid-19 has brought the global economy to its knees and countries everywhere are facing negative growth. In turn, this has created a liquidity issue for the general public.
We are on the path of a downward spiral for the foreseeable future.