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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (41117)	9/9/2005 3:47:32 PM
From: John Vosilla	Respond to of 306849

Lizzie it did bust there the first and hardest starting about 1986 but all those high rise office buildings take a long time from approval, breaking ground and then finally getting a CO. And since commercial RE was the bubble where all the capital was flowing as late as 1989 much money was thrown at projects there as elsewhere that never should have been built and ended up being empty dinosaurs that took up to a decade and at much lower rental rates to finally lease out. I'm sure someone like Elroy and a few others here also lived through it and have their own experiences.