Back in November 2009 I was reading an article from online magazine site "EFAM," (Escape from America Magazine) concerning a looming crisis in the US commercial real estate market due to lots of "bad paper coming to maturity" at that time. What made me think of this article so many (but not so many) months ago was that I stumbled across another article from 2006 which was discussing how a looming housing market bubble was about to burst, and it did indeed in 2009. I found these articles to be significant in nature, and certainly to hold significant implications for any sort of economic recovery in the US in the forseeable future. What might this entail? I find it interesting that all of these rotten loans are no doubt coming to fruition in this year's (2010) second financial quarter and yet no one in the news media is even looking at it? Is it all just a big hoax to scare people, or will it be as bad as they say? If so, will the US Govt. just hand heaps of "no strings attached" cash to the big bank executives (and our pals at AIG) when they come running and screaming just like we did during last years housing crash??
I would like to note that that whole thing didn't work out to well, and that a different strategy might be considered this time, but I am no economist or even self-proclaimed expert. Time will surely tell and its only about a month away now! In the well-to-do meantime check out the article and come to your own conclusions. Find the article at:EFAM Commercial Real Estate
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