Just In Time For 2010, The Next Economic Crisis Around The Corner
Posted by: in Home Mortgage Online, tags: Apartment Buildings, Collapse, Commercial Real Estate, Crunch, Decades, Double Bubble, Economic Crisis, Excerpt, Hotels, Mortgages, Office Space, Random, Real Estate Bubble, Second Half, Shopping Malls, WhooshRandom Feed wrote an interesting post today on
Here’s a quick excerpt
Get ready for the collapse of commercial real estate: That big whoosh you’re hearing is the air rushing out of a commercial real estate bubble. More than two years into the worst housing crisis in decades, commercial real estate is shaping up as the second half of what some are calling a “double bubble.” Owners of shopping malls, hotels, office space and apartment buildings — and the bankers who financed them — face a major crunch over the next two years as the mortgages on those properti
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