SUBHEAD: The next shoe to drop in the collapse of US economy is the Commercial Real Estate market, scheduled for early 2010.
Interview with Jeff Neal on 20 November 2009 on Huffington Post -
(http://www.huffingtonpost.com/2009/11/20/zombie-buildings-are-they_n_365400.html)
Image above: Still from video (below) of Jeff Neal interview with Huffington Post.
Industry experts report that resets on thousands of jumbo commercial loans across America are expected to start falling into default in January 2010. D.C.-area developer Jeff Neal gives the Huffington Post Investigative Fund a tour of empty commercial properties just blocks from the Capitol.
Hundreds of small and medium-size banks are facing huge numbers of possible defaults by builders who erected thousands of office towers, condominiums and shopping centers with the easy credit available five years ago.
Video above: Interview with Jeff Neal on YouTube From http://www.youtube.com/watch?v=Q4TqcnID77c
.
Interview with Jeff Neal on 20 November 2009 on Huffington Post -
(http://www.huffingtonpost.com/2009/11/20/zombie-buildings-are-they_n_365400.html)
Image above: Still from video (below) of Jeff Neal interview with Huffington Post.
Industry experts report that resets on thousands of jumbo commercial loans across America are expected to start falling into default in January 2010. D.C.-area developer Jeff Neal gives the Huffington Post Investigative Fund a tour of empty commercial properties just blocks from the Capitol.
Hundreds of small and medium-size banks are facing huge numbers of possible defaults by builders who erected thousands of office towers, condominiums and shopping centers with the easy credit available five years ago.
Video above: Interview with Jeff Neal on YouTube From http://www.youtube.com/watch?v=Q4TqcnID77c
.
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