Comments on: Commercial Real Estate Implosion: 67 Percent Fall in Multifamily Starts, Ghost Buildings, $3 Trillion in Debt, 41 Percent Drop in CRE, and Collapse in Rents. http://www.mybudget360.com/commercial-real-estate-implosion-67-percent-fall-in-multifamily-starts-ghost-buildings-3-trillion-in-debt-41-percent-drop-in-cre-and-collapse-in-rents/ Investing ideas for preserving wealth in a fluctuating market. Tue, 16 Mar 2010 08:10:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ken http://www.mybudget360.com/commercial-real-estate-implosion-67-percent-fall-in-multifamily-starts-ghost-buildings-3-trillion-in-debt-41-percent-drop-in-cre-and-collapse-in-rents/comment-page-1/#comment-15209 Ken Thu, 29 Oct 2009 15:36:55 +0000 http://www.mybudget360.com/?p=1354#comment-15209 >you would figure people have to live somewhere. . . . There's a multi faceted answer to that riddle. However, the saddest part of that answer is the number of people who simply become homeless. You could look into the number of tent cities springing up thourghout the nation, or the occupancy rates at homeless shelters in order to gauge the scope of the problem. There's also a growing number of people simply staying in their homes after forclosure because the forclosing banks don't have ready access to the necessary paperwork to effect a forclosure due to the securitization of the debt. I've heard that there are people who just pay the taxes and utility bills and have continued to live in the forclosed home for one or two years or more after foreclosure. And, many Sheriffs departments are now refusing to enforce evictions from foreclosed homes. That would be my plan 'A' should that happen to me. BTW . . . Go COWBOYS >you would figure people have to live somewhere. . . .

There’s a multi faceted answer to that riddle. However, the saddest part of that answer is the number of people who simply become homeless. You could look into the number of tent cities springing up thourghout the nation, or the occupancy rates at homeless shelters in order to gauge the scope of the problem. There’s also a growing number of people simply staying in their homes after forclosure because the forclosing banks don’t have ready access to the necessary paperwork to effect a forclosure due to the securitization of the debt. I’ve heard that there are people who just pay the taxes and utility bills and have continued to live in the forclosed home for one or two years or more after foreclosure. And, many Sheriffs departments are now refusing to enforce evictions from foreclosed homes. That would be my plan ‘A’ should that happen to me. BTW . . . Go COWBOYS

]]> By: Matt Anderson http://www.mybudget360.com/commercial-real-estate-implosion-67-percent-fall-in-multifamily-starts-ghost-buildings-3-trillion-in-debt-41-percent-drop-in-cre-and-collapse-in-rents/comment-page-1/#comment-15119 Matt Anderson Wed, 28 Oct 2009 02:19:26 +0000 http://www.mybudget360.com/?p=1354#comment-15119 I'm amazed that the multi-fam homes starts are down so much. Here in the Dallas area we are see some good starts with multi-fam, but not like the boom of the mid 90's. With everyone strapped for cash and buyers not flooding the residential market I am surprised investors haven't turned to the multi-fam side. With all the foreclosures and bad credit you would figure people have to live somewhere. I’m amazed that the multi-fam homes starts are down so much. Here in the Dallas area we are see some good starts with multi-fam, but not like the boom of the mid 90’s. With everyone strapped for cash and buyers not flooding the residential market I am surprised investors haven’t turned to the multi-fam side. With all the foreclosures and bad credit you would figure people have to live somewhere.

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