Vote Anti Incumbent

Bloomberg reports an expert saying “A crisis of unprecedented proportions is approaching” in the U.S. commercial real-estate market.

I believe that is possible.  Commercial property for lease seems to be very high with ghost malls and entire stip mall vacant in my area of Atlanta.  Looking at the listing on the above site, shows Texas has many listings as well as most other states.  So vacancies are high, cash flow is impaired and they leaves not enough to pay commercial mortgage payments. Refinancing commercial mortgages are probably out of the question.  Unemployment is high and getting higher leaving consumers short of spendable cash, hurting retailers. It looks like a downward cycle to me.  The US Government is already propping up the commercial mortgage market, but they can only do that for some time.  We all know their was way too much building going on. Why did “they” have to let this get so over built to allow such a bust as is happening and hurting so many people.  Real estate has always gone through boom to bust cycles, so this too will pass.  But could be a long time, which is OK with me. I think their is quite enough commercial, retail and office space in my neck of the woods.