Comments on: More Woes for Commercial Real Estate http://dailyreckoning.com/more-woes-for-commercial-real-estate/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 05:05:27 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Daniel Miller http://dailyreckoning.com/more-woes-for-commercial-real-estate/#comment-47541 Daniel Miller Thu, 07 Jan 2010 16:52:09 +0000 http://dailyreckoning.com/?p=21789#comment-47541 The subsidization of RE loans is designed to help banks and REITs, not renters of commercial space or mom/pop retailers. Like the goobermint's failed backing for underwater residential loans, this process helps those who already have, extends the pain of a necessary correction, fools decision-makers (who should still know better), and wrongly allocates resources that could be better used elsewhere by the private sector. But, what the hell, the goobermint doesn't care. It's not their money. The subsidization of RE loans is designed to help banks and REITs, not renters of commercial space or mom/pop retailers.

Like the goobermint’s failed backing for underwater residential loans, this process helps those who already have, extends the pain of a necessary correction, fools decision-makers (who should still know better), and wrongly allocates resources that could be better used elsewhere by the private sector.

But, what the hell, the goobermint doesn’t care. It’s not their money.

]]> By: Bucks County Realtor http://dailyreckoning.com/more-woes-for-commercial-real-estate/#comment-47538 Bucks County Realtor Thu, 07 Jan 2010 16:36:48 +0000 http://dailyreckoning.com/?p=21789#comment-47538 I think overall there is a glut of commercial real estate in most major cities, but it's so hard to tell because markets around the country are so segmented. -Keith I think overall there is a glut of commercial real estate in most major cities, but it’s so hard to tell because markets around the country are so segmented.

-Keith

]]> By: Chad Gallagher http://dailyreckoning.com/more-woes-for-commercial-real-estate/#comment-47464 Chad Gallagher Thu, 07 Jan 2010 03:17:03 +0000 http://dailyreckoning.com/?p=21789#comment-47464 The could still clear the market now that most of the banks have been some what recapitalized... Look at Japan, it hasn't worked... Bernanke and crew must know that the only true way to recover is via creative destruction... All the elites have been rescued so, I don't see why they would keep holding the wall of pain... They are probably trading into weak hands and taking short positions as we speak... The could still clear the market now that most of the banks have been some what recapitalized… Look at Japan, it hasn’t worked… Bernanke and crew must know that the only true way to recover is via creative destruction… All the elites have been rescued so, I don’t see why they would keep holding the wall of pain… They are probably trading into weak hands and taking short positions as we speak…

]]> By: Shawn http://dailyreckoning.com/more-woes-for-commercial-real-estate/#comment-47431 Shawn Wed, 06 Jan 2010 22:46:13 +0000 http://dailyreckoning.com/?p=21789#comment-47431 Of course, federal politicians are reluctant to allow RE prices drop--property tax is where local communities generate most of their revenue. Personally, I'd like to see an end to federal backing of any RE loans subject to property tax. That should accelerate the necessary correction. (Disclosure: I'm a renter, and would like to see RE prices fall to afforable levels.) Of course, federal politicians are reluctant to allow RE prices drop–property tax is where local communities generate most of their revenue.

Personally, I’d like to see an end to federal backing of any RE loans subject to property tax. That should accelerate the necessary correction. (Disclosure: I’m a renter, and would like to see RE prices fall to afforable levels.)

]]> By: CommonCents http://dailyreckoning.com/more-woes-for-commercial-real-estate/#comment-47425 CommonCents Wed, 06 Jan 2010 22:08:41 +0000 http://dailyreckoning.com/?p=21789#comment-47425 As we become a have's and have naught's society, CRE will adjust accordingly. Saks 5th Avenue, Wegmens and Walmart will survive all others are destine to fail. As we become a have’s and have naught’s society, CRE will adjust accordingly. Saks 5th Avenue, Wegmens and Walmart will survive all others are destine to fail.

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