The New CS Board

[jumanji0881]

Struggling Retailers Owe $52 Billion In Overdue Rents : https://www.zerohedge.com/markets/struggling-retailers-owe-52-billion-overdue-rents

My comment : Malls are in real trouble. A lot of renters will not survive.
We'll see what happens when the government assistance ends at year end. Evictions and foreclosures will be substantial for both businesses and home buyers.

Excerpts:
"You're going to have big bubbles that are going to be hitting next year or even in the fourth quarter," said Andy Graiser, co-president of A&G Real Estate Partners, an advisory firm. "I'm not sure if they are going to be able to make those payments in addition to their existing rent."

The problem with overdue rents, totaling $52 billion as of November, is that retail sales growth in October slumped and is expected to wane into year-end.

Furthermore, coronavirus cases are exponentially increasing in almost every US state. Local governments across the country are reimposing strict social distancing measures that will stymie retail sales and increase the threat of a double dip recession