Commercial Mortgage Meltdown:

[Julio E. Sune Jr. (FL)]

http://www.miamiherald.com/classifieds/real-estate/story/1025404.html

[A commercial mortgage meltdown is likely to prolong the nation's economic recovery. The falling prices in commercial real estate will lead to additional bank losses at a time when banks are sapped by home mortgage defaults and soaring credit card defaults. This could lead to future additional taxpayer assistance for the banks.]

 

[Caligirl]

Now that the 'house as ATM' is over, discretionary spending is no more. I'm always surprised at the attitude among some commercial appraisers that what happens with residential lending won't effect them.