Comments on: Commercial Real Estate Remains Grim, But is Bottom Near? http://blog.hsh.com/index.php/2009/11/commercial-real-estate-remains-grim-but-is-bottom-near/ Things you should know about consumer news and finance. Thu, 09 Feb 2012 13:21:21 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: business property http://blog.hsh.com/index.php/2009/11/commercial-real-estate-remains-grim-but-is-bottom-near/comment-page-1/#comment-36082 business property Thu, 26 Nov 2009 18:58:22 +0000 http://blog.hsh.com/?p=6700#comment-36082 yeah,what makes this “latest” threat to U.S. lending institutions particularly dangerous, is that several Federal entities — from the Federal Reserve. yeah,what makes this “latest” threat to U.S. lending institutions particularly dangerous, is that several Federal entities — from the Federal Reserve.

]]> By: Tim Manni http://blog.hsh.com/index.php/2009/11/commercial-real-estate-remains-grim-but-is-bottom-near/comment-page-1/#comment-32295 Tim Manni Mon, 09 Nov 2009 17:05:17 +0000 http://blog.hsh.com/?p=6700#comment-32295 Hey Mitch, Good to hear from you. Great analogy, haha. I agree with your stance on how the importance of job growth is weighing on the other markets. Outsourcing isn't a topic we've covered much...maybe it's time to start. Good hearing from you, Tim Hey Mitch,

Good to hear from you. Great analogy, haha. I agree with your stance on how the importance of job growth is weighing on the other markets. Outsourcing isn’t a topic we’ve covered much…maybe it’s time to start.

Good hearing from you,
Tim

]]> By: Mitch http://blog.hsh.com/index.php/2009/11/commercial-real-estate-remains-grim-but-is-bottom-near/comment-page-1/#comment-32105 Mitch Sun, 08 Nov 2009 05:52:35 +0000 http://blog.hsh.com/?p=6700#comment-32105 As they said on Saturday Night Live this evening, saying we're near the bottom is like saying we're almost at Disneyworld when we've just pulled out of the driveway at home. The truth is that we are close to the bottom, if only because, at some point, there aren't going to be any more houses that can be foreclosed upon and prices can only fall so far. Where those points will be is the issue, and no one can really answer that question universally. Unfortunately, there are two other realities. The commercial real estate bust is just around the corner, which isn't going to help employment any. And, until jobs come back, which I just can't figure out how it's going to happen unless there are higher penalties on companies that outsource jobs to other countries, it's going to continue getting worse before that bottoms out as well. Bleak, eh? I'm wishing for the best still. As they said on Saturday Night Live this evening, saying we’re near the bottom is like saying we’re almost at Disneyworld when we’ve just pulled out of the driveway at home.

The truth is that we are close to the bottom, if only because, at some point, there aren’t going to be any more houses that can be foreclosed upon and prices can only fall so far. Where those points will be is the issue, and no one can really answer that question universally.

Unfortunately, there are two other realities. The commercial real estate bust is just around the corner, which isn’t going to help employment any. And, until jobs come back, which I just can’t figure out how it’s going to happen unless there are higher penalties on companies that outsource jobs to other countries, it’s going to continue getting worse before that bottoms out as well.

Bleak, eh? I’m wishing for the best still.

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