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

To: ChanceIs who wrote (209848)	7/9/2009 12:50:51 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

I was reading where $45 Billion will cover the drop in Commercial RE going forward. Seemed a little low to me. Even $140 Billion seems like chicken feed these days.

To: ChanceIs who wrote (209848)	7/9/2009 1:00:27 PM
From: MulhollandDrive	Respond to of 306849

The commercial property industry is "not going to turn around until consumers and businesses start spending money again," he said. when he says 'turn around' does he mean resumption of commercial RE construction? if so, that is bogus.... even IF the consumer resumes "spending" (and that's a very big 'if') the best CRE can hope for is the hundreds of thousands of EXISTING vacant commercial real estate to start leasing up....CRE developers will be lucky if they can claw their way back up to 'treading water'...