It is currently Wed May 23, 2012 10:26 am

 * Register   * Login  | Unanswered | Active topics | Tags list by forum




   Post new topic Reply to topic      Page 1 of 1
  [ 1 post ]  Bookmark and Share Oldest Best Reply
  Print view Previous topic | First unread post | Next topic 
Author Message
trader1
  Commercial Real Estate - Next Collapse? [#permalink]
New postPosted: Thu Jul 09, 2009 2:16 pm 
Offline
Senior Manager
Senior Manager
User avatar

Joined: Mon Jul 30, 2007
Posts: 385
Location: Europe
Schools: St. Gallen '09
Followers: 5

Kudos (?): 55 (0), given: 5

GMAT Tests User
http://www.bloomberg.com/apps/news?pid= ... M5pnHE4xas

Quote:
July 9 (Bloomberg) -- The $3.5 trillion commercial real estate market is a ticking “time bomb” that may lead to a second wave of losses at large U.S. banks, congressional Joint Economic Committee Chairwoman Carolyn Maloney said.

About $700 billion in commercial mortgages will need to be refinanced before the end of 2010 and “doing nothing is not an option,” Maloney, a New York Democrat, said at a committee hearing today. This “looming crisis” may lead to significant losses for banks, force shopping center and hotel owners into bankruptcy, and impede economic recovery, she said.


Further data points can be referenced at:

http://www.calculatedriskblog.com/2009/ ... cking.html


  Profile  
 
Online
gmatclubot
Display posts from previous:  Sort by  

Post new topic Reply to topic  Page 1 of 1
  [ 1 post ] 

 Similar topics   Author   Replies   Views   Last post 
Rising commercial real estate rates, a gauge that brokers

in GMAT Sentence Correction (SC)

guygmat

11

675

Sat Jun 18, 2011 9:10 pm
Real Estate

in GMAT Math Questions and Intellectual Discussions

aikido_fudoshin

3

194

Wed Nov 23, 2005 4:13 pm
Real Estate

in The B-School Application

kidderek

8

258

Tue Jul 03, 2007 11:13 pm
MS in Real Estate vs. MBA in Real Estate

in Masters of Science Programs (MS)

mpv52302

13

11675

Thu Mar 31, 2005 8:40 am
CR Paradox- Real Estate

in GMAT Critical Reasoning (CR)

GMATT73

13

466

Sat Oct 08, 2005 4:00 am




Who is online

Users browsing this forum: No registered users and 0 guests

Search for:
Jump to:





[ Mobile Version ] GMAT Club MBA Forum Home | About | Privacy Policy | Terms and Conditions | GMAT Club Rules | Contact | Sitemap
Powered by phpBB © phpBB Group and phpBB SEO
Kindly note that GMAT (C) is a registered trademark of the Graduate Management Admission Council, and this site has neither been reviewed nor endorsed by GMAC.