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News Link • Economy - Economics USA

Commercial Real Estate Lurks as Next Potential Mortgage Crisis


2 Comments in Response to

Comment by Paulthecabdriver Farah
Entered on:

As I drive the cab around every day in Phoenix, I am amazed at the number of vacancies in strip-malls, and office complexes.  And while several Phoenix area malls are still doing well (Paradise Valley Mall, Arrowhead Mall), others are falling on very hard times (Metro Center) As these commercial vacancies rise, the pressure increases on property owners, which in turn, puts pressure on commercial mortgage holders.  this commercial property situation looks very very bad.

Comment by Lola Flores
Entered on:

 Oh, that's not a problem and nobody should lose sleep over this one.  Now that we've got a whooping 4 bill back from the alleged 800 bill we gave to the banks, we're in  a position to start bailing out other rich yet less fortunate people who need it such as big real estate developers.  Yeah, Donald Trump!

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