The commercial real estate industry needn't be frightened by the headlines about how household debt and revolving credit card debt are at all-time highs.
On an inflation-adjusted basis, total household debt is on par with where it was in 2008, John Chang, National Director of Research and Advisory Services, Marcus & Millichap, said in a recent business video by his firm.
"Even though we're at a record in terms of nominal dollars, on an inflation-adjusted basis, we have been here before," Chang said.
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