It is not the lovely Melbourne weather (9 degrees, rainy), but a memory In the summer of 2007 two small Bear Sterns property related funds were frozen and liquidated.
You know what happened in 2008.
Now I read that Standard Life (UK) has been forced one of its UK largest property fund (2.7 billion pounds, mainly commercial) due to the increase of sellers after Brexit.
Similar.
This is not the start of the end, but you need to prepare your portfolio for potential systemic risks.
investorpolitico 