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Mr.Marketing.com - Imaging the Future

 
Oct
07
2009
Commercial Real Estate Crashing? PDF Print E-mail
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In this prescient article in the LA Times you may get a terrible glimpse into the not-to-distant future, namely, if the commercial sector goes down, so will the stock market.  Read this astonishing article:   http://www.latimes.com/business/la-fi-hotels-foreclosure7-2009oct07,0,744154.story

As you read this article, please reflect on the names of these resorts--these are big names, not mom-and-pop operations.  Bond holders here are going to be decimated. 

Here iin South Florida, for instance, the number of commercial buildings with "For Sale/For Lease" signs is, quite frankly, astounding.  Even in tony Boca Raton (if there's trouble here then look out), you can't pass a commercial building without such a sign; perhaps the signs should read: "Help!  Our tenants are gone and we're going broke!"

Unfortunately, this is no laughing matter.  If the commercial sector crashes, don't expect the government to have any money left to bail out desperate banks.  Obama's healthcare "bomb," which will really be put together quietly and secretly in the conference committee, merging the House and Senate versions, will cost us (the taxpayers) over a trillion, easy...making a difficult situation nearly impossible for the working family, as taxes on everyone will have to be raised to fund this utopian, Marxist move.  (Quick note: my British aunt died in Britain as, even though diagnosed with a serious heart condition, she was placed on one of their horrific waiting lists...and this is not a "death panel" by proxy?)

One wonders how the House's "lovely" Cap and Trade (Tax) Bill will further add to the misery of the average American family.

On a positive note, it has been shown that you can survive longer on peanut butter, if the money runs really tight...so stock up.  Perhaps the president should worry less about the Olympics and more about our fellow Americans who are losing their jobs and the ability to pay for even the most basic of necessiities.

Or is this all planned?  As his advisor "wisely" put it: "Never waste a good crisis."  And now you wonder why even the Communist Chinese don't want to hold our dollars anymore...


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