[arnie]

This is a pay site, so I didn’t read the whole article. However, I have seen anectdotal evidence of a glut of commercial properties lately. Last week I was driving around carlsbad near the airport and saw approximatly 20 “for lease” signs in a two block area. These were 5000 to 12000 sqare foot buildings for lease in the palomar triad area.

I have also heard recently that about 2 million square feet of commercial real estate is coming online in southern California in the next 18 months and that there isn’t anywhere near that much demand.

[arnie]

This is a pay site, so I didn’t read the whole article. However, I have seen anectdotal evidence of a glut of commercial properties lately. Last week I was driving around carlsbad near the airport and saw approximatly 20 “for lease” signs in a two block area. These were 5000 to 12000 sqare foot buildings for lease in the palomar triad area.

I have also heard recently that about 2 million square feet of commercial real estate is coming online in southern California in the next 18 months and that there isn’t anywhere near that much demand.

[arnie]

This is a pay site, so I didn’t read the whole article. However, I have seen anectdotal evidence of a glut of commercial properties lately. Last week I was driving around carlsbad near the airport and saw approximatly 20 “for lease” signs in a two block area. These were 5000 to 12000 sqare foot buildings for lease in the palomar triad area.

I have also heard recently that about 2 million square feet of commercial real estate is coming online in southern California in the next 18 months and that there isn’t anywhere near that much demand.

[arnie]

This is a pay site, so I didn’t read the whole article. However, I have seen anectdotal evidence of a glut of commercial properties lately. Last week I was driving around carlsbad near the airport and saw approximatly 20 “for lease” signs in a two block area. These were 5000 to 12000 sqare foot buildings for lease in the palomar triad area.

I have also heard recently that about 2 million square feet of commercial real estate is coming online in southern California in the next 18 months and that there isn’t anywhere near that much demand.

[arnie]

This is a pay site, so I didn’t read the whole article. However, I have seen anectdotal evidence of a glut of commercial properties lately. Last week I was driving around carlsbad near the airport and saw approximatly 20 “for lease” signs in a two block area. These were 5000 to 12000 sqare foot buildings for lease in the palomar triad area.

I have also heard recently that about 2 million square feet of commercial real estate is coming online in southern California in the next 18 months and that there isn’t anywhere near that much demand.

[arnie]

Someone correct me if I am wrong but I believe that most (if not all) credit cards now carry a provision in the agreement which states that if the cardholder is late on any payment (other cards, mortgage, phone bill, cable bill) the the issuer has the right to increase the interest rate, rebill any interest free balance transfers and generally make life very difficult. If this is the case, it’s not going to do late paying borrowers much good to pay cards and not mortgage.

[arnie]

Someone correct me if I am wrong but I believe that most (if not all) credit cards now carry a provision in the agreement which states that if the cardholder is late on any payment (other cards, mortgage, phone bill, cable bill) the the issuer has the right to increase the interest rate, rebill any interest free balance transfers and generally make life very difficult. If this is the case, it’s not going to do late paying borrowers much good to pay cards and not mortgage.

[arnie]

Long time lurker, first time post.

Isn’t this similar to the Resolution Trust Corporation bailout of the S&L industry in the late 1980’s? Can anyone comment on the similarities of that to the current situation. My recollection is that the RTC was primarily set up to liquidate non-performing commecial real estate assets. But the timing was very close to the collapse of the residential bubble. Were they at all related?

[Author]

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