2010-01-17 — blogspot.com
``Commercial Real Estate is much worse, a bloodbath in progress. Down 42% and dropping with store, office and apartment vacancies soaring. And much of that paper is held by regional banks and REITs like Boston Properties (BXP), Vornado Realty Trust (VNO), Brookfield Properties (BPO), and a host of private firms and trusts...
At least the rental market will be more economical for the foreclosed homeowners, but its hard to see who will be opening new retail stores and commercial businesses in the near future.''
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Comments:
tvsterling at 09:06 2010-01-18 said:
The second tidal wave is upon us. I had hoped that the worst was over. Even with knowing that mainstream media is lying thru it's teeth & with all the reality checks this blog provides I guess I hoped the propaganda was true. Well, it's not true & 2010 is where we are really going to meet our fate. Will it be a worldwide Megadepression? Hope is fading. Permalinkadd a comment | go to forum thread
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