Will the Economic Headlines Affect Commercial Real Estate?
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It's a real understatement to say that the past few economic weeks have been tunultuous. Individuals will have differenc views of what took plce in Washington with regard to "resolving" the debt ceiling.
My wife and I raised four fine children. One of the things we always said was to "play nice with the other kids". Someone else's parants should have said the same to those in Washington who reportedly represent us. As a result of their actions, or inactions, and because of the our increasing debt, we saw a down grading of US debt on Friday.
So, what will happen next? Rather than offer my own views, let me offer those of Kevin Maggiacomo, President and CEO of Sperry Van Ness International, a major national commercial real state firm of which we're a member.
Take a look at Kevin's views. As he says, hes not a pollyanna; he's just looking at a balcned approach to where we are and where we're going.
http://www.maggiacomoblog.com/the-good-news
Article contributed by
Robert L. Yale, CCIM
Sperry Van Ness/ComVEst Realty
bobyale@svn.com
508-351-7079
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