Commercial Mortgage Meltdown:

Discussion in 'General Real Estate and Real Estate Finance' started by Julio E. Sune Jr. (FL), May 4, 2009.

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  1. Julio E. Sune Jr. (FL)

    Julio E. Sune Jr. (FL) Senior Member

    0
    Jan 16, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    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.]
     
  2. Caligirl

    Caligirl Senior Member

    0
    Jan 27, 2006
    Professional Status:
    Certified General Appraiser
    State:
    California
    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.
     
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