[vision-master]

+1

Good bye Wally World..........

[MD]

$this->bbcode_second_pass_quote('pstarr', '
')This is why we are failing as a system We are a society that rewards the bullshitters, the most aggressive unethical bastards who will crush a competitor any way possible --self-promotion, lies, and ass-kissing. Just look at the media and what has crawled to the top. Look at that asswipe from GE.
.

[MarkJ]

Commercial landlords are gouging many of their current tenants, so their tenants are looking for their own space, or looking for better locations for a little more money.

Many of the lower rent commercial landlords are pretty poor when it comes to maintenance of buildings, parking lots, parking lot lighting, snow removal etc.

$this->bbcode_second_pass_quote('', '[')b]Wilton developer plans multi-use complex
Openings to house light industry, offices on route 50

WILTON -- A local developer hopes to break ground this spring on the first of seven facilities meant to house light industries and office space.

The first of the seven 20,000-square-foot buildings, to be located on a 20-acre property at the corner of Edie Road and Route 50 in the town of Wilton, about two miles past the Wilton Mall, recently got a thumbs-up from the town Planning Board.

Potential buyers can purchase or lease the entire structure, or only a portion of it, Leman said.

He said the project has benefitted from the economic downturn because some business owners find themselves paying too much rent and want to own their own space instead.

[AlexdeLarge]

Interview With A Commercial Real Estate Developer
http://globaleconomicanalysis.blogspot.com/2009/12/interview-with-commercial-real-estate.html

$this->bbcode_second_pass_quote('', 'I')lene: Do you think the recession is over?
Mr. Solomon: No, we will be in it for a number of years. Assuming the GDP is up in the short term, it doesn’t matter. It’s due to more debt expansion. The real world debt must eventually decline. It’s a government induced blimp that cannot go on, it’s not sustainable.

Ilene: Are there any areas where you would be building now?
Mr. Solomon: Regions will do better in the lower tax states that are less unionized, with less government regulation, for example Texas.

Ilene: In your business, would you be hiring people any time soon?
Mr. Solomon: No hiring. Due to the economy and health care issues, we’re not hiring anyone. Hiring is a liability, might be taking on a life-long obligation. We prefer to be firing now, decreasing the number of employees.

[dsula]

$this->bbcode_second_pass_quote('AlexdeLarge', '[')i]How's that HopeNchange working out for you? Obama's policys are failing miserably because he does not know anything about business or the economy. We need to politically neuter this buffoon in November 2010.

[Ayoob]

$this->bbcode_second_pass_quote('dsula', '')$this->bbcode_second_pass_quote('AlexdeLarge', '[')i]How's that HopeNchange working out for you? Obama's policys are failing miserably because he does not know anything about business or the economy. We need to politically neuter this buffoon in November 2010.

[Geodesic]

$this->bbcode_second_pass_quote('AlexdeLarge', '
')How's that HopeNchange working out for you? Obama's policys are failing miserably because he does not know anything about business or the economy. We need to politically neuter this buffoon in November 2010.

[MonteQuest]

Well, he could have gone the Hoover route and we know how that turned out.

It doesn't matter the ideology in power; nothing will work until the debt is worked out.

GOP or DEMS, same result.

Whether you spend money or cut taxes you are still using money you don't have.

Debt now or debt later.

[rangerone314]

$this->bbcode_second_pass_quote('Ayoob', '')$this->bbcode_second_pass_quote('dsula', '')$this->bbcode_second_pass_quote('AlexdeLarge', '[')i]How's that HopeNchange working out for you? Obama's policys are failing miserably because he does not know anything about business or the economy. We need to politically neuter this buffoon in November 2010.

[Tanada]

I have been hearing about this bubble for a couple of years now but never really spent much time thinking about it, my own problems have been too immediate and pressing.

I ended up researching it a little bit this last week because of the Detroit thread, I figured Detroit was already as depressed as a commercial real estate market could get. Much to my dismay I discovered my error. Turns out a lot of the commercial building down town that sat empty in whole or in part were sold under easy lending terms in the last decade, and now the bills are coming due at the same time that the rent market has dried up. From what I could gather several old skyscrapers that were not sold are muddling through just fine even with modest occupancy rates, but the majority of the towers in Detroit and the two main ones in Toledo are in deep financial trouble if the interest rates go up AT ALL. One of them is advertising desperately for tenant because they have an interest only mortgage and it takes over 90% of their current lease income to pay the monthly bills with nothing left over for improvements or repair work. A few months ago the court ordered lease payments go directly to the mortgage holder and only the left over funds pass through to the 'owner'.

This is a recipe' for disaster, if they lose a single tenant then they will be in terminal default. Anyone care to wager on how likely that scenario is to come to pass? Also with an interest only mortgage they are still in hoc for the same sum now that 5 years or so have passed as they were on day one, and if interest rates get raised to fight inflation they are doomed.