The commercial real estate bust is in full swing. This $3 trillion mortgage market is standing to push hundreds of banks into failure and adding additional strain to the embattled FDIC. Commercial real estate (CRE) is a good indicator of where things are heading economically because it is a reflection of what revenues are being brought in by certain properties. For example, a strip mall owner will lease out space to clients that ideally will earn more money each month to cover their rents. That is typically how CRE deals went down. But for the past decade people invested in CRE with the implied notion that they could always sell the underlying CRE for a higher price irrespective of the actual revenue stream the real estate could produce. For CRE this is sin number one.
Commercial real estate values went on a 91 percent tear from 2001 to 2008:
YUP, It's not looking too good for the CRE market. Looks like we will loose many many banks. Here is a site you can see if a bank in your area is in trouble (or is strong).
ReplyDeletehttp://www.weissratings.com/weakest-banks-and-thrifts-in-us.php#WI
Lots of banks in trouble, with the CRE bubble bursting, we will see many many banks go under, and what I have read, the FDIC will be no more later this year. This will of course also involve the dollar devaluation, coming soon....
Enjoy your fake stock market rally today, you won't be seeing too many more.
Hmm, now the banks will take over ownership of tens of thousands of apartment units. Perhaps they will rent them to the people who have been evicted from the homes they foreclosed. That way, they can screw the same people twice, and extract every last dime. Brilliant.
ReplyDelete3 Trillion with a T ??
ReplyDeleteThat's gotta be a typo right ??...
That implosion will take all the banks down and there aren't enough taxpayers left to bail all that out...
buy gold
ReplyDeleteAnd silver.
ReplyDeleteSoon a gorgeous hooker will be happy to fulfill your kinkiest fantasies for a single thin silver dime....and make you breakfast too.
1:01,
ReplyDeleteAnd pass along a nice STD for free too!
That's why I am stocking up on condoms too. They will be great to barter with for small transactions, as well as single cigarettes and mini bottles of booze.
ReplyDelete1:30,
ReplyDeleteYou know, you have a point there. These things will be hard to come by after the chain of supply breaks down, and a whole lot of people cannot do without them.
Believe I need to re-think some of my survival strategy.
Of course, you can always eat an unwanted pregnancy after it's born. :-) (I know... that's just sick, but hey... it is an option!)
I recently saw an excellent recipe for foetus- I'll post it for you if I can find it again. Better to be prepared than stave...
ReplyDeletemy brother is renting an office next to his business but he never used it. he is using that as tax write off.
ReplyDeleteThat implosion will take all the banks down and there aren't enough taxpayers left to bail all that out.
ReplyDeleteCommercial Mortgage
hiii this is johnson Lots of banks in trouble, with the CRE bubble bursting, we will see many many banks go under, and what I have read, the FDIC will be no more later this year. This will of course also involve the dollar devaluation, coming soon....
ReplyDelete=============
Shared Ownership Mortgages
Hi this Jack and i have to sell the cheapest properties.
ReplyDeleteMortgage Brokers
The US of A. has a lot of resources, but you do not own them anymore, they are put up for collateral! The country has a depht of 68 Trillion USD.
ReplyDeleteThis is what the country has to payback to other countries!
And the other counties own depht to jet an other country, do
you see how virtual money really is? It really does not have any value anymore! The problem is that very few have all the
money and they will not easely depart with theire welth, they
worked (or cheated/ Madhoff) hard for theire money.
Aquire assets, material, the stuff that you need everyday, buy
a farm to grow food and most important, payoff your personal
depth! The mallaise which will come by the end of this year
will not be fixed with more depth nowone has the kind of money to fix this one, unless we are prepared to close the gap
between Rich and Poor? In sort Carl Marks!
Mortgage Brokers