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Old 10-26-2009, 11:02 AM
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SwampYankee SwampYankee is offline
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Join Date: Sep 2006
Location: CT
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Quote:
Originally Posted by Medmech View Post
True, once the collateral value of commercial RE hits the threshold where its cheaper for owner/investors to let properties go back to the bank Tsunami is the perfect term, coupled with the 5 year balloons coming due its going to be a perfect storm for a collapse. I have friends who are CCIM graduates with holdings in the 100M to Billions, every single one of them share the opinion that the bottom is just beginning to fall and are positioning themselves for the worst. With the lack of small business investment, industrial, warehouse and retail growth formally economic commercial hot-spots are going to become ghost towns.

I guess the silver lining is some space is so cheap that its actually spurring growth in some areas, it a crazy world indeed.
The same speaker was predicting the crash of the commercial RE market back in June '08 as being about 2 years out. He reiterated that prediction last week, except that '10 is now impending.

There will be lots of opportunities. Perhaps too many.
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