Out of the many things I have read, it was a post at Housing Wire that made me wonder whether we are thinking too much in the present and not stepping back and referencing back to the baseline.
Real estate are traditionally less correlated with the equity markets. This time they are really showing less correlation. Various segments are dying together with the equity markets bar a few real estate segments, who are thriving instead.
Tenants have zero revenue and therefore cannot pay rent. The whole chain of parties from landlords, corporate lenders, shareholders, suppliers are all affected.
Many commentators are saying people in history will reference the period before Covid-19 and post Covid-19 as a pivotal period where all things change.
I think they are right but like always it is the extend of the change that may matter more. One of the tough thing to do in investing