Yesterday I forwarded an email from a large MFR PE firm that was putting a halt to ALL acquisitions activities and closings!

I have my EIT certification and I'm about 1 year away from having enough experience to take the PE exam for my license.

A lot of large PE firms and REITs that levered up over the years to purchase commercial notes seem to be getting crushed right now with bank margin calls due to the perceived downgrade in value for the underlying properties (due to a foreseen loss in paying tenants with companies going out of business and tenants not being able to make rent) and the banks' requirements to mark to market the loans they made to these firms/REITs to buy those mortgages. 

average p/e was really high before crash. 

It wasn't like the dot com bubble where P/E ratios were being bid up insanely high in spite of earnings. 

I have talked this over with a few people I know who work in the RE PE world and without fail, they don't see, en mass, the banks making those sub par choices.

@Sameer Bhalesha No sign of deflation for housing (single/multi family) yet, while stocks have inflated above the pre-covid values already (in PE terms).

I just read an article about how NY is proposing a CANCELATION of rent.I also listened to a couple of podcasts from some of my favorite and most respected business idols claiming that we are on the verge of a major DEPRESSION...I too have my own theories about the totally wrecked balance sheets, the terrifying overleveraging as in relation to income, and P/E ratios that are out of control of many of the world's leading corporations...not to mention why so many of the world's leading CEO's just stepped down in the last 6 months (google it) Given those facts, we may just be on the verge of a depression. 

RIGHT NOW pe 16. 

Backed by PE.