Commercial Real Estate Collapse – Midtown Manhattan
February 18, 2010 - 3:23 pm
From the October 6, 2009 PBS “News Hour.”
One sees this every day. Storefronts on Park Avenue South where overpriced restaurants sat two years ago are empty with “For Rent” signs, something one never saw in such neighborhoods. Traditionally in NYC, property changes hands in private deals, never through the posting of rent signs. With 1% down payments, commercial real estate makes the subprime meltdown look outright responsible.
Duration : 0:5:53
[youtube 1VcyxmF89ns]
February 18th, 2010 at 3:23 pm
So what would you …
So what would you say is next in line for us?
February 18th, 2010 at 3:23 pm
@LordoftheKaty
…
@LordoftheKaty
I said this was going to happen
IN 2007
and Gerald is a friend of mine
February 18th, 2010 at 3:23 pm
I KNEW THIS WOULD …
I KNEW THIS WOULD HAPPEN
and I said it would happen
and its GOING TO GET ALOT WORSE
and I am happy about it
YOU RICH that never cared about anyone BUT YOURSELVES
and now YOUR BABLYON IS FALLING
ITS GREAT JESUS IS THE LORD
February 18th, 2010 at 3:23 pm
I thought this last …
I thought this last year when thousands of us got laid-off from my company. No jobs equals no revenue.
February 18th, 2010 at 3:23 pm
Either wall street …
Either wall street dosent understand that without jobs people can’t buy things and is purly focused on the short term benefits of laying people off. Or they know that there crashing the system and they have some grand plan of mass economic destuction we are just not privy to. Come on people, you can’t keeping buying that the people who own and run america are idiots that don’t know what there doing. There causing unimployment and system crash on purpose. There evil and it’s obvious.
February 18th, 2010 at 3:23 pm
Bush defrauded …
Bush defrauded america, and until he is prosecuted his whole group, the US is suiciding itself. we can’t stand what our government is doing
February 18th, 2010 at 3:23 pm
Tough? lol
WE can …
Tough? lol
WE can buy cheap for once
February 18th, 2010 at 3:23 pm
So Gerald Celente …
So Gerald Celente was right! There was a commercial realestate collapse in 2009!