Posted by john on November 09, 2009 at 17:55:45:
In Reply to: posted by Jon on October 30, 2009 at 13:57:32:
Wilbur and George are wrong. Yes there might be a few bankruptcy's such as Capmark, but remember capmark started it's business in 2006..I.E. the peak of the boom.
If anything we should see a soft landing/correction. Remember commercial real estate is based on cash flows, unlike residential. Even though there may be a lot of debt most of these properties are still cash flowing nicely.
- Re: George 19:00:58 11/09/09 (0)