Tuesday, September 9, 2008

The Debts of the Spenders: If they Build It, They Won't Come

Commercial real estate has been speculating for years on an ever growing supply of credit among consumers. Few stopped to question whether that money would keep on coming.

Now the consumer is tapped out...exhausted from an inexhaustable supply of layoffs, rising fuel costs, and other cost of living adjustments. Now, they can't even make it to the malls in time for X-mas. Expect a brutal holiday earnings season for the REITs and their tenants.