See, Interesting. One of my hardware store customers is a residential real estate developer. He told me that he was lucky to sock away some funds when things were good or he would be in real trouble.
Anyway, we talk stocks from time to time and I mentioned to him SRS (he was unfamiliar with it). The first thing he said when I told him it was a ultra short ETF for basically commercial real estate was the same your guy said - "how are these guys going to refinance when their loans come due?"
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