The commercial real estate bubble
October 6
The other shoe to drop for New York City will be the massive rate of defaults on commercial real estate loans. Up to a trillion dollars in loans could go unpaid within the next year or two. Will lenders renegotiate or will they evict all of the businesses in those buildings causing an even great unemployment problem and tax revenue shortage?
In the News, Real estate, Restaurants, Schools, Shops and markets, Wall Street | admin | 
October 11, 2009 2:35 am
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