What could be worse than a housing bust?
Posted on November 13, 2009 at 08:18 AM EST
pIf You Thought the Housing Meltdown Was Bad…br / Doug Hornig, Senior Editor, (a href="http://www.caseyresearch.com/crpmkt/crpSolo.php?id=168#038;ppref=CTP168ED1109A"Casey Research/a):/p p…wait until you see what’s in the cards for commercial real estate./p pThat’s right, the next train wreck will be in commercial real estate. Couldn’t be worse than last year’s residential market crash? That remains to be seen. But it’s coming soon, probably as early as the second quarter of next year, and there’s nothing that can prevent it. The government will intervene, trying desperately to delay the day of reckoning, and may even succeed. For a while. But make no mistake about it, that train is going off the tracks no matter what./p pEvery part of the sector – from multifamily apartment buildings to retail shopping centers, suburban office#8230;/p
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