Commercial real estate bubble comes to Georgia farm country.

[USZombeeKing]

American history as we go...well documented and preserved!

[EconCat88]

@USZombeeKing

Thanks for watching.

[Anothercoilgun]

You too can have your own see through building.

[yaplonglong]

Econcat - They weren't idiots, they made millions in the process - commissions, bonuses, kickbacks, under the table, referral fees, consultant fees, loan interests ..... they just left the tax payers holding out the bag! So you are real sucker. Not them!

[EconCat88]

@yaplonglong

Yeah, the American taxpayers, foreign sovereign funds, and foreign banks are the suckers. However, there are many Americans that have lost their entire life savings building various types of real estate pre-bubble. We just don't know if an individual or corporation was involved in building this bankrupt plaza.

[TheChuck624]

On my last adventure down to Florida I noticed hundreds of bill boards that were built along highway 75 but there were mostly blank. Again, putting the cart ahead of horse. Hey Econ, are planning to check the Treasure Coast area anytime soon?

[EconCat88]

@TheChuck624

I made a couple videos about those GA signs in June 2010. I don't know if I'll make it to the other side of Florida.

[TheChuck624]

@EconCat88 We vacation on Hutchinson Island every June and drive down from Illinois. I never paid much attention to the blank bill boards or the empty strip malls until my last visit and mostly because i became interested in your videos. I have noticed the real estate guys have been sending more and more condo sale e-mails with the pictures of empty condo when previously they had been occupied. Things are not getting better.

[EconCat88]

@TheChuck624

One can't help but notice the empty billboards nowadays. From Macon south to Valdosta, there are as many or more empty signs than signs with ads.

[EconCat88]

@TheChuck624

The former billboard videos actually are linked to this video on the bottom right side of this page.

[jvolstad]

These are commerical condos.  The builder wants to sell them vs. leasing them out. A total of 42,000 feet available. Price? Between $155 to $185 a sq ft. They were built in late 2008.

Buy a unit and turn it into a Cat Store. LOL.

[slobomotion]

Tremendous waste of resources and taxpayer money, ultimately. I walked away from a potential job selling Marriott timeshares outside Paris (far!) near the Disney stuff. What a dumb idea, recreating a famous village not too far away! Why not just stay in the actual village in France? And the cost of taking the train into Paris without a commuter pass is a total ripoff! It was a plastic horror. Made NO sense to me. Wasted a day, and yeah, a lotta train fare!

[WhatTheHeo]

They should tear it down and process all of it for raw materials.

[bozeman14]

i am so outraged. "this is the result of people buying homes they could not afford"

what you have shown are:

roads to nowhere

unoccupied professional space

unoccupied retail space

unoccupied industrial space

and this was only the result of people buying property beyond thier means?

this is hogwash.

why is the popuation on the hook for this developer and banking/investor fraud?

[kcirdrab]

Matter of time before the looters & scrappers pick it clean, unless the site is currently being watched by the hotel's security, if so it'll start happening when that goes bust & the staff go

[slobomotion]

Uprated.

[wilatemodel]

@slobomotion i think we subscribe to a lot of the same channels,..great minds think alike. cheers.

[slobomotion]

@wilatemodel It's been very interesting making virtual friends this way. I don't do social media since last year but have been a fervent networker since the '70s. It's turned into some very pleasant and sometimes profitable connections at times! I like this person's channel and recommend clevelandmarko, also. His stuff is very practical but he throws in some humor and socio/economic commentary, too. We think we might even be very distant cousins or something, too! Wild, huh? xo

[wilatemodel]

@slobomotion ya,..maybe,..i got a LOT of German in me,..i will check out those channels hun!

[slobomotion]

@wilatemodel Ah, me, too, German blood and Slovenian. I have Pennsy Dutch roots which make it even WORSE. No one wants my dark humor and I am considered some kind of FREAK for liking sex?!!! They just don't get it! Oh, well. Marko has this amazing clip up about a dumb tenant he had. Maybe still has. It is a scream! I will try to find it and send it to you. Brace yourself!

[wilatemodel]

@slobomotion ok girl,...looking forward ot it!!

[EconCat88]

@slobomotion

Dark humor is welcome here. You will probably like what I found and recorded at the next highway exit.

[slobomotion]

@EconCat88 Glad I subbed ya! Looking for to it. (gulp!) Have you seen clevelandmarko's video about his dumb section 8 tenant? It is . . . sobering.

[jvolstad]

Maybe turn it into a Walmart? I spent many a summer in GA. Fort Gordon just outside Augusta. Good times.

[SuperCyberSoldier2]

What a waste of resources...it is as you say, some idiot came along with a stupid idea, a second one financed it and now the taxpayer is stuck with the bill.

(Btw how is that Flip camera working for you? i was thinking of getting one)