X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

You know that total gloom and doom have taken over when people start talking about how this real estate downturn is even worse than the early 1990s debacle, which was billed as an industry depression not to be repeated for generations. But that's the current vibe. Market psychology tips toward capitulation–”it's bad and its just going to get worse,” says a former colleague at a major investment bank.” Says another veteran at a well-known advisor–”This is definitely worse than twenty years ago, because everything is in the tank, not just real estate. It's a worldwide financial melt down.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.