http://allrealestate.com/for-sale/avoiding-foreclosure/ Buy, Sell, Listings, Rentals, Advertising Services Wed, 17 Mar 2010 01:15:05 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://allrealestate.com/for-sale/avoiding-foreclosure/comment-page-1/#comment-23 commercial real estate Sat, 06 Mar 2010 19:02:12 +0000 http://allrealestate.com/for-sale/avoiding-foreclosure/#comment-23 Call it what you want since the outcome is the same. Commercial real estate is overbuilt, with a huge excess of capacity. Since job numbers and general wealth of Americans has lost a decade already, and furthermore since our basic attitudes towards spending have changed, it seems to me that every bit of commercial real estate built in the last decade was a bubble. Some of the new buildings will displace older buildings but the net effect is the same and easily visible in my community and probably most communities around the US... empty store fronts galore, and often in brand new buildings. A bubble is a bubble. Commercial real estate development over the last decade occurred at a rate suitable for an economic outcome that proved illusory and overly optimistic. Call it what you want since the outcome is the same. Commercial real estate is overbuilt, with a huge excess of capacity. Since job numbers and general wealth of Americans has lost a decade already, and furthermore since our basic attitudes towards spending have changed, it seems to me that every bit of commercial real estate built in the last decade was a bubble. Some of the new buildings will displace older buildings but the net effect is the same and easily visible in my community and probably most communities around the US… empty store fronts galore, and often in brand new buildings. A bubble is a bubble. Commercial real estate development over the last decade occurred at a rate suitable for an economic outcome that proved illusory and overly optimistic.

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