Monday, July 27, 2009

comming commercial real estate crash

Already injure from a previous residential real estate crash, banks are bracing for ghost malls and a coming commercial real estate crash. People we can now longer ignore that are economy is going deeper into a depression as numbers of unemployed continue to increase.

Malls will close, many stores will be shuttered, and millions more former workers will be without jobs. The situation is serious, perhaps even more so than with the mortgage meltdown.

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