[dickersnoodle]

"Commercial real estate is going to take a massive hit the next 3-4 years and that $435B number is a real estimate in the decline in commercial real-estate value."

That doesn't really hurt my feelings that much, outside of the 401(k) and IRA holders who will lose a lot of retirement money. Hopefully the plan admins and financial people involved in those plans will start dumping commercial real estate in favor of something with more legs before that 3-4 years is up.