Following the herd is extremely dangerous place to be. Let’s analyze the major food groups.
Residential, like a former New York City mayoral candidate said ,the rent is way too darn high and so are values.
Hospitality, it still hasn't recovered completely from COVID and that followed a period of major development.
Office, COVID’s decimated office and we have a new way of working.
Retail, well we all know e-commerce to the way of the future and retail is dead -- just don't tell the people in e-commerce who can't spring a profit.
Industrial, well if e-commerce is dying industrial is declining.