What Next?
The commercial real estate sector still has more pain ahead, and that means that the decline in real estate values will continue…..possibly for a long time.
I found this article by Doug French, and I found his explanation interesting about the defaults happening in the commercial sector from apartment buildings, office space and even hotels (I know there is plenty of commercial retail space available where I live).
The other thing worth noting is that in the 80’s savings and loan crisis it took a long time for people to realize what their homes were worth.
The Real Estate Bust Is Far From Over by Doug French
Related posts: