Although this post focuses on the troubles in the US this is a worldwide issue and South America will have the same if not more severe adjustments in value. However, as people always need somewhere to live the residential sector will not suffer in the same way. Commercial real estate, large hotels, older shopping malls in low growth regions and low-grade office buildings are all facing down massive post-pandemic problems. Remote-work and e-commerce trends are coming, and it seems commercial real estate is like…