Owners of properties such as office buildings, warehouses and malls will suffer a surge of painful defaults, write-downs as the market finally faces up to the reality of its diminished conditions.
At 01:33AM on November 05, 2009 - Jon Klaus said...
The econmy overall does seem to have the ability to cycle faster in recent times. Doesn't look like it now, but we could be blowing and going in a year.
At 12:32AM on November 05, 2009 - James Ward said...
After reading this article, I think it is way off. In my opinion, I think we have yet to see the bottom for commercial. And with the expected defaults upcoming, the values have to drop. But then again, who am I.
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