In the summer of 2007, many commercial real estate investors found themselves burning the midnight oil, desperately trying to find a property to buy that would give them a decent return on their investment.
In March of 2020, this happened again after a continual 10-year “up-seller’s-market.” During the seven-week period from March 26 to May 7, 33 million workers applied for unemployment as the economy of the United States, along with most of the world, fell into the grip of the coronavirus recession.