Dave Lewenz

REITs: Could It Be Time?

Strip mall and national retailers who lease space, will fall flat on their face this next year. I would not be surprised by year end 2009, that half of the nations national retailers are on the ropes, closing stores and filing for Chapter 11 protection. This depression will make 1929 look like a cake walk due to the amount of Debt that will never get repaid causing a lack of new capital to pull out and rebuild and the goverment does not have the ability to save every one.