Clearly the residential real estate market is in a recession. Now, some of the commercial real estate market is entering a recession. I'm not claravoiant so I don't know what the future will look like, but I am fairly certain people will continue to work on their car, get the prescriptions filled at pharmacies, and occasionally eat out.
I have just listed the characteristics of major tenants for triple net leases. It should also be pointed out that although several retail property companies are having more vacancy than last year, several are continuing to expand.
Jamie Woodwell, the senior director of commercial/multifamily research at the Mortgage Bankers Association said, “The global credit crunch meant a net decline in the balance of mortgages held in commercial mortgage-backed securities, collateralized debt obligations and other asset-backed securities, but banks, thrifts, life insurance companies, Fannie Mae, Freddie Mac and nearly every other investor group increased their holdings of commercial and multifamily mortgages during the quarter.”
The bottom line is this: DO NOT WAIT on the perfect environment to invest. If you do - YOU WILL NEVER INVEST, AND YOU WILL GET LEFT BEHIND.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment