A large amount of the commercial loans start coming to term this year (lasting three years). None of them are worth what’s owed and will be defaulted on.
The Phone System We Use
How will the commercial real estate collapse effect the economy, badly or not?
Reader Feedback
8 Responses to “How will the commercial real estate collapse effect the economy, badly or not?”
Leave a Reply
Yeah, um…that happened already, and I think we have seen the results.
Commercial real estate has been in the sh*tter since 2007.
I was wondering when it would collapse – should be interesting though.
Obama will just print more money – if there’s a lot of Unions involved.
GM is lucky – they are big union – no wonder they got a huge bailout.
Massive bank write-offs and the continuation of cheap money by Bernanke will head off the crisis, but will result in increasing inflation and debt down the road.
little behind the curve dawg, by at least 9 months, most of it has already been absorbed.
All apart of Hussein Obama’s plan to destroy America!!!!!!
Yes, it’s being called the second wave of real estate losses. Nothing like residential — what happened in 2008. We’ll see where this is headed. Not sure.
To add: The answer below me is not correct. It’s coming this year and heading into 2013-14. This time it is differnt; it’s not just CMBS (commercial mortgage-backed securities; similar to RMBS in 2008 and 2009) — but the actual commercial mortgage loans too.
It will be yet another nail in this once great nation’s economy!
ONE AND DONE!!!!!!
It would be good for the economy if all of that property went into foreclosure and the people who put up the money lost their investment.
NOT