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It Smells Like Distress

Published Friday, February 01, 2008

People always underestimate how bad things can get. While we all know that trees don't grow to the sky, during a boom market the human spirit cannot believe that there will be an ultimate bust. The commercial real estate market has entered a period of declining values with many properties overleveraged or encountering financial difficulty. The collapse of the housing market coupled with fuel and food price inflation are putting tremendous strain on the American consumer, the ultimate driver of our economy. This will likely result in recession and is affecting all sectors of the commercial real estate ...

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