Write Lightning is a blog from writer Deb Thompson.
Everyone is welcome here.
(Some links or topics may not be completely kid-appropriate.)
Everyone is welcome here.
(Some links or topics may not be completely kid-appropriate.)
Wed, Aug 05 2009
Real estate is looking more unreal these days
If almost half of U.S. homeowners will have more owing than the house is worth by 2011, what will that mean when people put homes up for sale? It used to be common to sell a house and make a profit. Are we going to come to the end of that as a nation?
I passed the TV this morning on my way to move some laundry from the washer to the dryer, and I heard a discussion on Fox Business News, in which more than one person seemed to be warning that the next big bubble was going to be in commercial real estate. So what does it mean when something like teachers' pension plans are sinking money into commercial real estate? Minnesota's Twin Cities area may already be looking at a commercial real estate sinkhole, with big box businesses vacating retail space at a fast scramble. Something tells me that we're about to have another wild ride before the current one has even come to a full stop in the station.
posted at: 13:18 | category: /Miscellaneous | link to this entry
If almost half of U.S. homeowners will have more owing than the house is worth by 2011, what will that mean when people put homes up for sale? It used to be common to sell a house and make a profit. Are we going to come to the end of that as a nation?
I passed the TV this morning on my way to move some laundry from the washer to the dryer, and I heard a discussion on Fox Business News, in which more than one person seemed to be warning that the next big bubble was going to be in commercial real estate. So what does it mean when something like teachers' pension plans are sinking money into commercial real estate? Minnesota's Twin Cities area may already be looking at a commercial real estate sinkhole, with big box businesses vacating retail space at a fast scramble. Something tells me that we're about to have another wild ride before the current one has even come to a full stop in the station.
posted at: 13:18 | category: /Miscellaneous | link to this entry
