It's a big airball if you don't have the reserves or funds," Silverman says. "How do you increase your money in if you can't massively increase rents? I think that's a tough pill to swallow if you have a higher dollar amount than you had previously. The shocking data headline is in the early part of the year, multifamily distress was 2.6%. Some have it at 11%." Where will things go? "I think it gets worse before it gets better," Silverman says. "My view on office is slightly different. People are going to take some pain, take some losses, and then move on. Multifamily can be a lot harder to solve. There are different rules and requirements for foreclosing on multifamily assets." And no one wants to kick tenants out of their homes. Atop everything else, it's terrible PR.'' https://lnkd.in/ewqpTArW