The Housing Crisis Continues

Discussion in 'Politics' started by Shade, Sep 27, 2010.

  1. Remedy For Foreclosures Has Economists Divided

    This guy below is so full of fail I don't even know where to begin. I love how they're suggesting we re-inflate the bubble... again. Learn to liquidate, noobs. :mad:

  2. 1 in 4 seems low to me, I have several relatives that haven't paid their mortgages in over a year.

    I'm just waiting for the commercial real estate market to crash... then maybe I can afford to open up a shop or something. :smoking:
  3. That would be nice, but the Government basically creates a commercial real estate surplus by making it so hard to start a new business. Just look at Cleveland and Detroit!
  4. suburban commercial (building) is still very active around me and rez is about 30% off peak.
    Starting to see new signs of weakness due to the drilling moratorium and NASA cuts though.
  5. Wouldn't a commercial real estate surplus mean lower rental rates?

    I haven't seen rates go down at all in my area...
  6. Depends where you live. Where I live, I know we have a pretty large surplus. A good family friend just opened up a Gluten-free bakery this year. She jumped on it because it was so cheap. I'm sure it varies greatly between different regional markets. In my area, there's so many closed businesses, it's unreal. I suppose it wouldn't surprise you to know that my state has one of the least business-friendly atmospheres, and also one of the highest cost of livings in the country.
  7. [ame=]YouTube - Whitney Says Year-End Wall Street Bonuses to Disappoint: Video[/ame]

    Interesting. Robert Wenzel thinks this might be the beginning of the impact to the NYC real estate market.

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