Comments on: A US Government Rescue for Commercial Real Estate?

By: Rick

Rick — Sun, 09 Aug 2009 01:14:11 +0000

This is just another example of the U.S. govt and it’s continuing ponzi scheme. Soon people will realize that this level of debt makes the currency worthless. Insurmountable debt coupled with overly generous entitlement programs can only lead to fiscal disaster.

By: Tim Briggs

Tim Briggs — Sat, 08 Aug 2009 19:58:35 +0000

What about the jobs? Everyone is getting a bailout but the middle class is suffering with no employment opportunities.

By: bat

bat — Sat, 08 Aug 2009 16:02:09 +0000

we are always getting #$%@$ some how were is the average joes help oh i now the unemployment line

By: Ray

Ray — Sat, 08 Aug 2009 12:19:40 +0000

Funny how Congressman Ron Paul and economist Irwin Schiff were both correct about this newest wave of mortgage failures. So sad that most Americans are too stupid to listen and learn. Obamas plans are useless and Mccains would have been the same. Both live in lala land. Soon hyperinflation will kick in and our money will be comparable to the Reichmarks of the 1920’s. YEt the media blurbs out that the economy is on the road to recovery ( as long as the fed keeps printing more and more money. Now the auto industry is selling cars to those with cash and/ or good credit, with the government giving away even more money ( and crushing perfectly good low mileage cars) and calling the program successful. Hell, I bet if I stood on the corner and handed out $100.00 bills, my program would be a success as well. I guarantee that in a short time I would be needing more $100.00 bills. The problem is that people seem to forget that the government has no money and produces nothing, but wars. The only money they can give away is money they take from you and I. It is truly worse for us that it was before the revolution of 1776, but what are we doing about it? More people on entitlements, who can easily work and more of us standing in line to get our share of handouts..So sad that we are so screwed.

By: Bob Hickerson

Bob Hickerson — Sat, 08 Aug 2009 02:21:57 +0000

Emac,
Relaxing the rules will not help commercial real estate. One is that retailers have been consolidating or going out of business. Where I used to live, chains like Merry-Go Round, Hutzler’s Hoschild’s, Famous Barr, Hecht’s, Hechinger’s et.al have been absorbed or gone out of business. Tha last mall ever developed in the country recently was in 2006. All you have now are big box retailers like Best Buy, Home Depot, Lowe’s, Wal-Mart, Target, Barnes and Noble and Kohl’s. There is a website that lists the casualties of this retail contraction called deadmalls.com
On office space, I heard a startling figure. Midtown Manhattan has a vacancy of 34 million feet of office space, a casualty of the recession . This translates into 171.000 jobs that were lost over the year.
Another factor is the Internet. Instead of driving to a store or mall or to work, one could browse the internet to shop or telecommute. This could eliminate the need for office space for professionals. If there was a bailout for commercial real estate, it might be throwing whatever money is left into bad.
BobH