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alstry (36.04)

The Actual Data.....

Recs

13

January 08, 2010 – Comments (1)

Reis: U.S. Office Vacancy Rate Hits 15 Year High at 17 Percent

Reis: Strip Mall Vacancy Rate Hits 10.6%, Highest on Record

Apartment Vacancy Rate Highest on Record, Rents Plunge

Shopping Malls and Condos are in similar condition.

Basically, the  Commercial Real Estate sector is facing is biggest crisis in history at a time when it is the most leveraged.  We could argue the same for residential housing as evidenced by the highest forclosure rate with the steepest national decline in prices in history.

Soon you will understand why this is happening.......because credit/debt is money is credit is being cut off to the productive segments of the economy and only expanding to banksters and government.

When you cut off credit to the productive segment of the economy.....productivity evaporates, jobs are lost, businesses shut down and tax receipts evaporate.  Soon, the only place to get money is from the extension of credit or savings......and if you don't have access to either, you are broke because jobs and income sources are scarce.

This is Zombulation my friends.  When you run out of income, run out of savings, and run out of access to credit.  As credit continues to get cut off from the productive segment of the economy, priivate productivity will come to a grinding halt in our nation.....this is a mathematical certainty.

Right now the key places where credit is growing is Welfare and War....they are by far the biggest drivers of any  growth in America.....in the mean time, if you work for State or Local government, or private industry not supported by Welfare or War.......expect conditions to get much more difficult going forward......MUCH MORE DIFFICULT.

1 Comments – Post Your Own

#1) On January 08, 2010 at 9:22 AM, olddog51 (< 20) wrote:

Alstry,

I turned into a bear around May 2009 when I saw a man speaking about the second shoe dropping in commercial finance.  banks are running resorts they took over, I personally see more commercial space available every day.  today will be first friday available for bank closures.I believe alot of businesses stayed open through the holidays , will throw in the towel.  I'm a general contractor , my home depot credit card got bumped to 26%, just because.

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