Commercial real estate collapse in new york august 2009

This was filmed in august 2009 after the government said the recession is over. NEW YORK, Staten island area Commercial real estate collapsing faster than anyone could imagine.

Category:

News & Politics

Tags:

• Economic collapse
• recession over???

[cds162]

where in NY is this?? the city??

upstate??

looks pretty bad

[webnews2000]

staten island, ny. it's part of the city

[GeoSusan]

My husbands from Brooklyn after living there 40 yrs he relocated to Florida, between the hurricanes and the Real estate bubble we left FL & move to Austin TX bought the same house we where renting in Florida that sold for 328,000. the year before it was worth 150,000 I read 20% of mortgages in FL are delinquent scary. How bad is commercial RE doing in Brooklyn my husband was a business owner there we've always thought of moving back and starting a business but things look very bad.

[webnews2000]

thanks GeoSusan for watching my video. Don't even think about buying a house or starting a business in new york or anywhere for the next 4 to 10 years. Both residential and commercia re are going to plummet for another 3 to 4 years and then flatline... webnews2000

[PestControl02]

yea- same story here in upstate NY..

tons of buildings/offices for rent/sale

thanks for the vid.

[webnews2000]

make your own vid and post it. we need to let our citizens know what's really happening. and thank you

[brettfoshager]

Just because it looks bad doesn't mean it is. The economy is getting better.

[Angelika405]

Video "Collapse of New York commercial real estate 5th ave" funktioniert nicht mehr in Germany. Bitte Video auf "vimeo" downloaden wenn möglich.

[goofhead9]

Any chance I could get a track ID for the song in the background?

[gus196666]

recession is over my ass  , depression is coming ((((

[gus196666]

recession is over my ASS ,coming depression is coming

[Saborsaoco]

Central Floida is looking bad too. But you drive by all the Walmart, Target, and Grocery Supermarket and they are pretty much packed with shoppers. I know a lot of people in foreclosure process not paying their mortgage and spending like you wouldn't believe. In some case for over a year.

[vivaloriflamme]

@webnews2000

Wow.

I have been shooting vid of the empty commercial buildings in and around Seattle. What is weird is seeing beautiful brand-new buildings standing empty month after month.

And I counted eight cranes busy building more!!!!!

There are auctions of condos at extremely low starting bids--- and still no takers.

[dreverends]

800 square feet isn't much for an office let alone an office park... I think you mean 80, 000 square feet. :)

[lissynewyork]

that's a shame, something's gotta give