I love the phrase “A picture is worth a thousand words” because you tell a lot of people a complicated story in a short amount of time with just one look. The “Other Real Estate Problem” I am talking about in the headline is commercial real estate such as malls, hotels, office space and industrial sites. You have not heard too much about this problem, and most people believe it does not affect them, but it does! As commercial real estate goes so goes the economy and that could very well mean continued job losses. The picture below is from the The National Council of Real Estate Investment Fiduciaries:
This graph is included in an excellent article written by Brian Pretti of Financial Sense Observations. Please note in the lower left hand corner of the chart,”We have NEVER seen anything like this.” That means this is big folks! This chart shows what is happening to the value and the income generated for about 6,000 properties with nearly 300 billion in value. For the rest of the story about commercial real estate, please read Pretti’s well done in depth article by clicking this link.
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Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.