Debt Default Could Prove Catastrophic for Commercial Real Estate: Here’s Why
“I’m doing nothing and I don’t think anyone else in commercial real estate is doing anything either because we have bigger fish to fry,” said Shlomo Chopp, managing partner at Terra Strategies, a real estate investment firm. “Does it make a difference that Congress is fighting? They’ve been fighting forever. In reality, it’s a combination of ‘The Boy Who Cried Wolf’ and that we’re desensitized to risk.”