58robbo

Commercial Real Estate: The Gathering Storm

there will be no storm! if the residential market is anything to go by, banks will just repo commercial re, board it up and that will be that! the property taxes and maintenance are minor expenses yet the value of this worthless real estate will appear on their balance sheets at 2006 prices. where is the storm now? it's almost as if you still believe that the insolvency rules which apply to you and me, apply to the banks!