Wednesday, August 18, 2010

"We're going to have crisis alongside recovery."

From David Bodamer at Traffic Court- here

"Two weeks ago, I posted when Time, MSNBC and Fortune
almost simultaneously looked at aspects of commercial real
estate and proclaimed signs of recovery.

In the latest dispatches, however, we’re back to commercial
real estate being doomed again–at least according to this
segment on CNBC.

The lesson, again, is that commercial real estate is a complex
business with lots of moving parts. We’re going to have crisis
alongside recovery. There’s no simple narrative to be had here.
We’re not going to see a clear commercial real estate recovery
nor are we going to come upon a moment where all is
collapsing. So let’s stop looking for the one-line takeaways
about commercial real estate."

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