It means that as unemployment increases, interest rates rise, cost of living rises and business profits fall there will be a fall in the valuation of assets which if liquidated will not cover borrowings. I am predicting a bigger crash than 2008.
The longer the crash is delayed the bigger it will become. This whole mess has been created by realestate scum with governments that restrict land supply and development to drive up land prices. Lack of planning and development.
