OfflineThere are about 8000 banks in the US. In 2009, 130 banks failed. It’s expected that 600 more banks are going to fail by the end of 2011. This is a virtual goldmine.
Some analysts are predicting that commercial property values could decline as much as 50 percent from their peak in October 2007, while high unemployment and the current economy continue to reduce demand for apartments, offices and retail space. With the commercial real estate sector expected to lag behind the broader economic recovery, analysts expect commercial real estate delinquencies to continue to rise in 2010. When the demand for rentals goes down, the rental rates go down and the vacancy rate goes up with decreases the income the property generates. When the income of a commercial property goes down, the value goes down and you get a SWEET deal.
Commercial property values in the US declined in October to the lowest level in more than seven years as unemployment reduced demand for apartments, offices and retail space. Prices were down 36% from a year earlier and are now 44% below the peak in October 2007, Moody’s Investors Service said. Office vacancies may approach 20% next year as employers hold off hiring.
The number one issue facing commercial real estate right now is the value declines that we’ve seen since prices peaked. The property owners owe more that the property is worth. There is limited funding available for commercial properties. The investors that have CASH or private money will be able to capitalize on all of these awesome deals.
$1.4 trillion in commercial debt is coming due over the next 5 years. And half of that $1.4 Trillion is upside down. Can you say “COMMERCIAL SHORT SALE GOLDMINE”? This is the time we’ve been waiting for. The real estate market is not bad. It’s awesome.
“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light not our darkness that frightens us. Actually, who are you not to be? You are a child of God. Your playing small doesn’t serve the world. There’s nothing enlightened about shrinking so that other people won’t feel insecure around you. We were born to make manifest the glory of God that is within us.”
- Nelson Mandela
OH MY ! ! ! ! !
HEAVENLY DAYS Our days are ordained for us - gold nuggets and plateaus - Just believe ! Its my understanding that there will be even more home foreclosures as well.
You said it girl! Believe and receive it!
Peace and Blessings,
Sheila
“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light not our darkness that frightens us. Actually, who are you not to be? You are a child of God. Your playing small doesn’t serve the world. There’s nothing enlightened about shrinking so that other people won’t feel insecure around you. We were born to make manifest the glory of God that is within us.”
- Nelson Mandela