[innagadadavida]

> I’ve seen 10x more modifications in the last 3mo than I saw my entire career including the great financial crisis.

So what’s economic outcome of all this? It looks like more commercial properties should get rented out and the rents should also fall?

[throwaway1777]

In theory down cycles are healthy to clear unprofitable businesses out of the economy and replace them with new ones. But it’s always complicated. I’m sure some analysts are earning their salaries this year figuring it out.

[rasz]

As long as government keeps propping real estate in a bid to prop banks up nothing will change.