Possible Commercial Real Estate Bubble
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Uploaded by DownsizingOahuLLC on Dec 5, 2009
Since the subprime mortgage fiasco and collapse last year, many states in the USA have seen home prices fall drastically. Hawaii has not been hit that hard. But there is fear of an upcoming commercial real estate "bubble" to burst in many places in the U.S. and here in Hawaii. This could be a wrong prediction, but here is some evidence. What I find interesting is what was a a big retail furniture store has now become a Christian mega-church. Change does happen upon commercial real estate, some become "ghost-towns", and some go through dramatic change like this one. Lots of commercial real estate in downtown Oahu made the transition into condominiums/office space or into purely condominiums from what was office space before. Need to generate rental income forced change in downtown and shopping malls like this one.
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I live in Stockton, CA. The commercial bubble has already burst here. Blocks of empty warehouses, shopping centers, ad office space. I literally saw "to live is to suffer" scratched onto an office complex sign.
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Americans have been completely sold out by both political spectrums...Once they recalculate the housing market a family would be RETARDED to stay in a property that has lost 50% its value, and thats whats at stake, thats why the bubble hasnt hit bottom yet...
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I disagree.The American dream was stolen.
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personnel commentary is more effective
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The american dream was just that...a dream!
Ironoff 2 years ago
@Ironoff yeah.....and waking up is a real b*!@ch
DownsizingOahuLLC 2 years ago