Commercial Real Estate Will Collapse
The long-feared financial disaster is still looming. Bad court decisions could set it off. The commercial real estate market is on its last legs and unless drastic actions are taken, the effects on the broader economy will be catastrophic. The obvious problem is the excessive amount of debt placed on the properties and the amount of debt that has to be refinanced during a relatively short period of time. Between now and 2013, at least $1.3 trillion of financing comes due, of which $160 billion was the result of securitizations. Unfortunately, as a result of the virtual disappearance of the...
Original Article: Forum: News/Activism
Tags: Collapse, commercial real estate, Commercial Real Estate Market, Court Decisions, Disappearance, Drastic Actions, Economy, Financial Disaster, Last Legs, Period Of Time, Real Estate Market, Securitizations, Short Period, Trillion