CRE also includes warehouses, multifamily apartments, retail, hotels, data centers, medical.

I think we kind of lucked out that we had the start of boom in 2023 instead of a recession.

The diversification has allowed the office space price to correct without a contagion.

As a general rule, any snappy memorable line like "extend and pretend" is almost always wrong and a distortion after awhile. The idea sticks around longer than it should because it is memorable, not because it has anything to do with reality.

Tell me more? As commercial leases are ending the owners are finally having to accept foreclosure or sell.