I have had several posts suggesting that the next calamity is commercial real estate.  Student Austin Kroll echoed this sentiment with multiple posts. Take a loo at this You Tube on malls, the author estimates that we have 19.5 sf of retail for every American and we only need, 12, that would eliminate one third…

Colorado will LOWER its minimum wage due to cost of living decreases Analysts downgrade grocers and other retailers over developing price war. Amazon cuts book prices to match Wal Mart-note to students, how long before this hits the textbok aisle I wonder? I have asked many of you to re write your papers on banks…

Market watch reports that for the first time, since records were kept apparently, rents have decreased. Socical security recipients are not expected to get a cost of living allowance, COLA, for the next two years given the drop in consumer prices. this is Bernake's worst nightmare, real deflation, people not spending money. 

THat would be a commercial mortgage backed security. And the photo above is of the 11,000 apartment units apparently going into default for the owners of these CMBS. The previous post was of a small strip center in San Antonio, this is the big time. Click on the article and take a look at who…

This photo says it all about. The former tenant was apparently in the Mortgage Lending Business. The storefront is now vacant and for lease. This is one of four vacancies in a seven unit small strip off 281. Look for more and more commercial vacancies. Now banks are not lending to developers. If the owner…

This article suggests a protest at the ABA convention in Chicago Oct 25, and for good reason.

A British paper reports that Brits have a lower quality of life then counterparts in Western Europe, particularly Spain and France. An interesting study, take a look. 

Steve Wynn was part of a panel on Fox news this past weekend along with the Governors of Michigan and Indiana and an ecomomist. The link I found to the interview happens to be to the Rush Limbaugh site, but the point is, read what Steve has to say. This is the Steve Wynn that…

This article details a PWC survey suggesting regional banks will start dumping non performing commercial real estate loans. I have noted in class that there are plenty of For Lease signs around SA, someone said yesterday that the average home price in Detroit is now $6400.  AT any rate, that is fine to say as…

Bob Prechter takes  look at the commercial real estate market. I noticed four vacancies of six in the small strip center at the corner of 281 on the way to my house. Once the mood changes, it takes a huge reversal for anyone to get the courage to lease again, we are nowhere near the…