Dec 24 2009
Commercial Real Estate Holders Decide to Walk Away: The Continuing Double Standard from the Banking Industry. Debt Ceiling Raised to $12.4 Trillion Making Room for more Bailouts.
There will be many new financial stories in 2010 but one that is certainly to garner much attention is the implosion of the commercial real estate market. A $3.5 trillion market that has taken it on the chin alongside the residential real estate market. The commercial real estate debacle usually follows a similar pattern. Residential [...]
Sep 20 2009
The Art of Strategic Mortgage Defaults: The Coming Wave of Foreclosures in California. 588,000 People Nationwide Stop Paying Their Mortgage Even Though they had Funds to Pay.
Throughout the current housing crisis, most of the negative economic data has been clumped into one large group. That is, housing has been a nationwide problem and job losses have impacted virtually every state. Yet there is a coming crisis that has its targets on very specific states. In fact, many states will not even [...]
