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Real estate firms are routed, reflecting concerns that Europe's mounting debt crisis could...

Real estate firms are routed, reflecting concerns that Europe's mounting debt crisis could filter down to hurt U.S. credit markets. "The direct impact is minimal, but indirectly, what we're worried about is the impact on the U.S. banks and how that impacts the availability and cost of capital for real-estate borrowers," Green Street Advisers says. AVB -4.4%, EQR -5.1%, KIM -4.2%.
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Comments (2)
  • Tack
    , contributor
    Comments (14301) | Send Message
     
    Commercial REITs hammered today. Another typical case of responding to fear, rather than data. Not more than a half hour earlier:

     

    11:22 AM U.S. Q3 office rents climb to $22.39/sq. ft, the highest level since late 2009, according to REIS. The vacancy rate fell to 17.4% from 17.6% one year ago.
    5 Oct 2011, 12:21 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1174) | Send Message
     
    You may be right on the short, but on the long side, we have reason to worry big time. A recent poll shows that most ABC/Yahoo kool-aid drinkers believe that the GOP is a bigger problem than B.O.

     

    That means we have a staggering debt, bleeding profusely, and the voter/poll cats believe that the Demo/B.O. plan to spend us into default is more important than the GOP plan to stop the bleeding.

     

    WTF?
    5 Oct 2011, 12:50 PM Reply Like
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