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Old 01-02-2010, 07:30 PM
 
2,341 posts, read 1,961,381 times
Reputation: 2676

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So, with all the "bad" 5 year balloon notes on commercial real estate coming due over the next three years, how bad do you think the "crash" is going to be? My prediction is that we are in for another severe "correction."

Do you think the government will toss out another "bailout" for the large firms caught up in this mess? I can't imagine that they won't personally, especially based on what I have witnessed over the last year.

Do you think it will spill over to further reduce the value of residential properties?

Where do you all think the best investment opportunities will be?
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Old 01-02-2010, 07:52 PM
 
Location: Here
11,542 posts, read 12,979,462 times
Reputation: 6831
Don't fret it....Obama is in charge. Everything is going to be just fine.
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Old 01-02-2010, 08:15 PM
 
Location: Great State of Texas
86,067 posts, read 78,620,463 times
Reputation: 27667
April 2009 warning.....

Zero Hedge: The One Trillion Commercial Real Estate Time Bomb

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Old 01-02-2010, 08:25 PM
 
Location: Land of debt and Corruption
7,544 posts, read 7,791,187 times
Reputation: 2884
Quote:
Originally Posted by 01Snake View Post
Don't fret it....Obama is in charge. Everything is going to be just fine.
That's what scares me the most.

The housing market is going to continue to be plagued by the looming mortgage defaults on the horizon. If the unemployment rate ever improves, it may avert some foreclosures. Unfortunately, I think the hardest hit will be the poorer areas, but people on all sides of the socioeconomic spectrum took out loans they couldn't afford, so who knows.
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Old 01-02-2010, 08:32 PM
 
29,677 posts, read 37,077,313 times
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At the begining of 2009 those commercial RE companies started removing benefits like matching 401k, sick time, vacation ect. Within the past month the jobs have virtually disappeared for those companies. Layoffs have been slow but increasing and within the next year many will implode. It's not going to be pretty. Housing prices are being allowed to be artificially inflated. Rent prices are artificially inflated and our government can't seem to understand that they don't have enough money to stave off that inflation till we can grow into it.
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Old 01-02-2010, 08:35 PM
 
Location: southern california
61,303 posts, read 81,318,674 times
Reputation: 55458
as long as DC keeps bailout out banks there will be no crash. what we do have going on is "its a wonderful life" in reverse----- banking corporations becoming enormous property holders &
bunch of renters with a non union low pay day job.
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Old 01-05-2010, 04:45 PM
 
2,341 posts, read 1,961,381 times
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Quote:
Originally Posted by Huckleberry3911948 View Post
as long as DC keeps bailout out banks there will be no crash. what we do have going on is "its a wonderful life" in reverse----- banking corporations becoming enormous property holders &
bunch of renters with a non union low pay day job.
It's true that this will almost certainly lead to another massive transfer of wealth from the general public to the wealthy few who will be bailed out. Depressing really.
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Old 01-05-2010, 04:56 PM
 
Location: Fort Worth Texas
12,481 posts, read 9,568,649 times
Reputation: 2532
Quote:
Originally Posted by Spot View Post
So, with all the "bad" 5 year balloon notes on commercial real estate coming due over the next three years, how bad do you think the "crash" is going to be? My prediction is that we are in for another severe "correction."

Do you think the government will toss out another "bailout" for the large firms caught up in this mess? I can't imagine that they won't personally, especially based on what I have witnessed over the last year.

Do you think it will spill over to further reduce the value of residential properties?

Where do you all think the best investment opportunities will be?
I agree it going to be worse then the housing bubble. we can throw 2 trillion at it to slow the collapse down Why worry about paying for it dec 21 2012 is near
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Old 01-07-2010, 11:50 AM
 
Location: OCEAN BREEZES AND VIEWS SAN CLEMENTE
19,894 posts, read 17,204,426 times
Reputation: 6460
Quote:
Originally Posted by whatyousay View Post
That's what scares me the most.

The housing market is going to continue to be plagued by the looming mortgage defaults on the horizon. If the unemployment rate ever improves, it may avert some foreclosures. Unfortunately, I think the hardest hit will be the poorer areas, but people on all sides of the socioeconomic spectrum took out loans they couldn't afford, so who knows.
I agree with that. It is surely on both sides of the Spectrum. Out here so many gorgeous beautiful huge homes, and at unbelievable prices, some really low. Tried to rep ya, but, they won't let me, take this up with them. Still don't understand some of this.
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