Commercial property values are ready to crash - offices, shopping centers, hotels and warehouses. The crash is already beginning, but rather than have more insolvent banks, the U.S. government for now is allowing them to "extend and pretend."
This means the banks let the current investors keep the properties for now, even though they're making little or no payments on their loans. The banks pretend those loans are still good and don't foreclose.
But to make matters worse, many owners are also defaulting on their property taxes forcing the lenders to pay them rather than have local governments foreclose. Some of those owners aren't paying for building maintenance or insurance either, once again a cost the lenders must bear as they sink ever deeper into these properties.
When commercial properties do crash, even if you're not rich, please see "How You Can Make Big Returns On Your Money Investing In Commercial Real Estate Even If You're Not Rich," at http://sane-ramblings.blogspot.com/ to learn how you can invest in them and potentially make a very high return on your money.
I've been a real estate investor since 1976 and this advice is a public service. I don't have products or services to sell you or profit in any way except the satisfaction of knowing you and your family fared well in your real estate investments if you choose to make them.
Dick
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