2008-12-28 — calculatedriskblog.com
``[T]his is really about property investors who bought commercial buildings at the price peak and are now underwater. But say the owners default and the properties are transferred to the bondholders - what is the risk to the economy? None.''
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mortgagemess at 00:28 2008-12-30 said:
I feel no sympathy for commercial property owners...simply allow another entity to come in and aquire the property or let the owner go back and try to work with the lender..to bail out CRE is a waste of my taxpayer money, and a useless effort. Permalinkadd a comment | go to forum thread
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