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Old 05-04-2009, 10:51 AM
Julio E. Sune, Jr. (FL)'s Avatar
Julio E. Sune, Jr. (FL) Julio E. Sune, Jr. (FL) is offline
 
Join Date: Jan 2002
Location: Miami, Florida
State: Florida
Professional Status: Certified Residential Appraiser
Posts: 1,579
Unhappy Commercial Mortgage Meltdown:

http://www.miamiherald.com/classifie...y/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.]
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Old 05-04-2009, 11:31 AM
Caligirl's Avatar
Caligirl Caligirl is offline
 
Join Date: Jan 2006
Location: West Coast
State: California
Professional Status: Certified General Appraiser
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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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