Commercial Financial Tsunami

Day: May 5, 2010

Commercial Financial Tsunami

Commercial Financial Tsunami

The collapse in commercial real estate is preventing Federal Reserve Chairman Ben S. Bernanke from declaring the economy and financial markets are healed.

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Watchdog: Commercial Real Estate Mortgages Sinking Quickly

Watchdog: Commercial Real Estate Mortgages Sinking Quickly

By the end of 2010, half of all commercial real estate mortgages in the United States could be “underwater,” according to the government’s Troubled Asset Relief Program watchdog. Translation: Americans’ financial woes are far from over. The commercial real estate bubble will grow so large that it will become a “serious problem” that will take…  Continue Reading

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Another Real Estate Crisis Is About To Hit

By Paul Craig Roberts For a picture of the US real estate crisis, imagine New Orleans wrecked by Hurricane Katrina, and before the waters even begin to recede, a second Katrina hits. The 1,120,000 lost US retail jobs in 2008 are a signal that the second stage of the real estate bust is about to…  Continue Reading

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Unprecedented Crash: Commerical Real Estate.

Will commercial real estate be the next shoe to drop in the ongoing U.S. financial crisis?  While most eyes are on the continuing residential real estate disaster, the reality is that the state of the commercial real estate market in America could soon be even worse.  Very few financial pundits are talking about this looming…  Continue Reading

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Here Comes the BIG One!

You think home mortgages are the end of the real estate problem!  Think again.  Because, here comes The Big One: commercial mortgages. Your average big kitchen, 3 1/2 baths, 4 bedrooms, and an entertainment room with a big screen on the wall HOME pales next to a gigantic mall, an industrial/office park, skyscraper commercial building.  Commercial…  Continue Reading

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The Coming Wave Of Commercial Defaults

Sam Rovit and David Sweig The trouble in the commercial real estate markets is getting ugly, as the precarious situation of Dubai World has made all too clear. Expect many more unpleasant situations like that one. Speculative-grade debt issuers are bracing for the default rate to hit 12% to 14% by the end of 2009,…  Continue Reading

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Commercial Short Sales: The Next Foreclosure Wave

Commercial Short Sales: The Next Foreclosure Wave

I’d been warning you about the next two foreclosures meltdowns. #1 – The resetting of all Option ARMS on residential properties. #2 – The commercial property meltdown. And honestly, this really scares me. Here’s why… You know the housing crisis is bad. The commercial foreclosure crisis is going to be MUCH WORSE.

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