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The video discusses the impending commercial real estate crisis expected in 2023, likening it to the subprime mortgage crisis of 2008. It highlights concerns over commercial mortgage-backed securities as banks have issued substantial loans to commercial landlords. The shift towards remote and flexible work arrangements has decreased demand for commercial spaces, exacerbating the situation. The narrator emphasizes the significant news that a major commercial real estate landlord in the US has defaulted, signaling the severity of the current market conditions. Overall, the video urges viewers to pay close attention to the unfolding crisis.