Is the US headed toward our own “Lost Decade” like Japan?

Recently, I had the opportunity to have a conversation with Michael Murray with the Mortgage Bankers Association. We discussed how a job-less recovery could eventually lead to a loss of value in commercial real estate and what some possible outcomes may be for a return of a CMBS marketplace.

You can read the Q&A session at the link below and let me know your thoughts.


          MBA NewsLink Article

 

 By Jack M. Cohen
August 29, 2010

Comments

  1. Orlando has seen many small business failures. As I drove one market last week the term "neutron bomb" came to mind, there were so many vacancies. Ours has always been a capital and developer rich market where we build much more than can be absorbed. Now that the music has stopped, construction and development firms and attendant support businesses struggle. Without job growth, deflation of real property value continues.
    Posted by: Trevor Hall on 08.30.10 at 02:13
  2. Is the US headed toward our own “Lost Decade” like Japan? Not likely. The American culturally is much more willing to face problems head on as opposed to the Japanese save face culture. If our current administration does not solve the malaise, the next one might. Americans don't sit around.
    Posted by: John Woo on 08.30.10 at 06:57

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