SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (110501)4/10/2010 3:53:15 PM
From: Sweet Ol3 Recommendations  Read Replies (2) of 116555
 
I spent the winter in Naples, FL and observed the huge number of For Sale signs. Even more interesting are the number of houses that do not have a for sale sign but do not put out their garbage. I observed these on my morning walks through the neighborhood. Some of these could be owned by snowbirds who were still up north or went somewhere else. Or, they could be REO that the the banks don't want to put on the market and mark down the asset. Who knows???

Also, the vacancy rate in shopping centers is very high. I saw several that were empty or only 10% occupied. I forecast that the commercial real estate crisis is going to be major. It will probably start shortly after the snowbirds go home and the slow season starts.

Blessings,

JRH
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News