Next Up For A Bailout - Real Estate Developers?
December 22, 2008
The Wall Street Journal and Reuters, among others, are reporting today that the commercial real estate industry is angling for governmental assistance. Here are the links:
Certain sources forecast the potential for a high volume of foreclosures over the next couple years as commercial real estate loans mature. But, is a bailout warranted ... or even workable? I'm scratching my head.
I'll keep an eye out for further news stories and commentary on this developing situation.