If you thought the housing meltdown was bad …

Freedom's Phoenix
by Doug Hornig

11/10/09

… wait until you see what’s in the cards for commercial real estate. That’s right, the next train wreck will be in commercial real estate. Couldn’t be worse than last year’s residential market crash? That remains to be seen. But it’s coming soon, probably as early as the second quarter of next year, and there’s nothing that can prevent it. The government will intervene, trying desperately to delay the day of reckoning, and may even succeed. For a while. But make no mistake about it, that train is going off the tracks no matter what...

http://tinyurl.com/yca3kw6


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=real+estate
http://freepage.twoday.net/search?q=market+crash
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