Housing Crisis – Analysis and Discussion with Harrison LeFrak of LeFrak Organization: Commercial real estate is in a Slow-Motion Car Crash; No Green Shoots Ahead (Bloomberg News)
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#1 by videoWOWme on October 6th, 2009
Hopefully the industry will continue with it’s upward momentum…
#2 by RemiG2006 on October 6th, 2009
When I became Chairman of the FDIC in 1981, the FDIC’s financial statement showed abalance at the U.S. Treasury of some $11 billion…Isaac: Don, I’d like to come over to look at the money.Regan: What money?Isaac: You know . . . the $11 billion the FDIC has in the vault at Treasury.Regan: Uh, well you see Bill, ah, that’s a bit of a problem.Isaac: I know you’re busy. I don’t need to do it right away.Regan: …. /watch?v=3RREQjPc71Y
#3 by Athenaikos on October 6th, 2009
How about borrowers not waiting for the 5-yr maturity to hit in 2010? An example is MPG which was unable to service its loans and gave keys back to lender.