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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (314799)	7/15/2009 4:28:19 AM
From: KLP	Read Replies (2) \| Respond to of 793841

There seems to have been ZERO consideration for the big economic picture....how each company and industry rest on others.... If commercial real estate goes down, we will be in for a mighty long mess.... Get those planting seeds ready!

To: unclewest who wrote (314799)	7/15/2009 4:49:23 AM
From: goldworldnet	5 Recommendations Read Replies (1) \| Respond to of 793841

Obama has drained all the oxygen out of the construction business. * * *

To: unclewest who wrote (314799)	7/15/2009 5:47:34 AM
From: Snowshoe	1 Recommendation Read Replies (1) \| Respond to of 793841

Home building has slacked off here in recent years, but there's plenty of remodeling thanks to three state-funded home energy efficiency programs. I qualified for the maximum $10K in a non-means-tested rebate program. Some folks in my neighborhood of 50-year-old homes are using the $10K as seed money for extensive remodeling. Instead of just a new furnace and better insulation/windows, they're spending $100K-$200K on major do-overs. I think the cap & trade bill has energy retrofit funding, so that might kick in next summer if it passes. The problem is that the feds would have to borrow the funds, whereas Alaska already has the funds in the bank.

To: unclewest who wrote (314799)	7/15/2009 12:45:07 PM
From: Alan Smithee	2 Recommendations Respond to of 793841

Also, small business storefront vacancies are increasing at a frightening rate in all the strip malls. Makes me wonder if a commercial real estate bust is getting closer. It is. My partner does a lot of real estate work. Next on the block is commercial and condos. I'm hearing stories about condo buildings with 10-20% sold, developer defaults and the bank takes the project over. They can't sell the remaining units so are renting them out. Imagine paying $500,000 for a condo and living down the hall from a Section 8 rental.