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U.S.S.A | Bank REO Real Estate
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Commercial real estate industry seeks U.S. taxpayer money

December 24, 2008 by · Leave a Comment
Filed under: Real Estate News 

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Well if this is what the American public wants then we should bailout everyone and any failed businesses between now and 2001.  Its just absurd the amount of lobbing that is happening right now and it shows that our elected officials only respond if you have enough money to matter.  Our founding fathers must be rolling in thier graves right now with the direction and almost total disregard for the founding principles of our great country.  From now on we will be known as the U.S.S.A (United Socialist States of America).  Bail out the Commercial Real Estate Industry?  Why, what good would that do it we do not have companies to fill these spaces with real demand for their products?  Hey if your a landlord on a commercial property and you bought during the boom then your just a speculator and you deserve to take the loss.  If you had an exisiting building, then maybe it would be wise to have a program to get these owners into loans that reflect the current value so they can try and make ends meet.

News:

Some of the country’s biggest commercial real estate players are asking the government for help, as their $6 trillion industry of hotels, office buildings and shopping malls faces a record amount of debt coming due in the next few years.

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