Professor Elam

I have had several posts suggesting that the next calamity is commercial real estate.  Student Austin Kroll echoed this sentiment with multiple posts. Take a loo at this You Tube on malls, the author estimates that we have 19.5 sf of retail for every American and we only need,

12, that would eliminate one third of retail in America. As he says, and you heard it here first, Macy's and Sears will be closing stores, those are anchor tenants!  Now what about the rest!