How will the looming commercial real estate crash affect the economy? - GoFuckYourself.com

$5 submissions · 11-05-2009, 01:36 PM

What effect will this have on the recovery?

http://www.latimes.com/business/la-f...0,974015.story

Unlike the formerly overheated housing market, which is in the process of being purged through foreclosures and sellers' growing willingness to lower their asking prices, the business of buying and selling commercial real estate has been stuck in neutral since the recession kicked in.

So far, potential sellers have been loath to lower their prices, and banks have been unwilling or unable to lend money for purchases. Even financially strapped owners who are unable to keep up their mortgage payments haven't had to let go because their lenders don't want to take back distressed properties in a down economy.

On a more positive note: http://www.latimes.com/business/la-f...,2220187.story

11-05-2009, 01:36 PM	#1
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	How will the looming commercial real estate crash affect the economy? What effect will this have on the recovery? http://www.latimes.com/business/la-f...0,974015.story Unlike the formerly overheated housing market, which is in the process of being purged through foreclosures and sellers' growing willingness to lower their asking prices, the business of buying and selling commercial real estate has been stuck in neutral since the recession kicked in. So far, potential sellers have been loath to lower their prices, and banks have been unwilling or unable to lend money for purchases. Even financially strapped owners who are unable to keep up their mortgage payments haven't had to let go because their lenders don't want to take back distressed properties in a down economy. On a more positive note: http://www.latimes.com/business/la-f...,2220187.story __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants