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The residential mortgage market was big, but the commercial mortgage market is even bigger which has me concerned. Since the consumer is not coming back anytime soon it is safe to assume that sales will slump and many businesses will fail. As businesses fail,
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This will lead to defaults on commercial mortgages and banks getting hurt,
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Since the FASB relaxed the mark to market rules the full losses do not have to be realized which is, again,
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Year to date office and industrial property led the decline,
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This problem is not just in the US it is also in the UK as well,
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This 17% total 2009 decline is much greater than the 2008 commercial real estate decline. This is d vu of 2008 with residential real estate,
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