Yes I read the financials, the question is can they get more for the properties than what they owe in debt. With the current financing environment and liquidity crunch, there is a short list of buyers and none are looking to overpay. Lenders may also just declare them in default and take the property.
Being a millwright you should be aware of the switch from building homes to building retail(remodel) that occurs in this period(usually). I suspect that this will not be as smooth a transition as in past cycles. Plenty of disaster rebuilding to do if they can find the materials. Might be why Industrials have been slightly stronger as of late. We need to have a solution to the energy problem by Feb. or inflation will only get worse.
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