CHICAGO, IL, Oct., 28, 2009 - (by Tom Vincent, CCIM) A few weeks ago we posted the question “Getting mixed messages from what you’re reading?” in our blog. We sought out answers here and in our social networks and our readers did have some feedback and opinions on where we are and where we’re headed. The answers are very interesting and most reflect my opinions on this that the recession is not over and that economic conditions may get worse before they begin to improve. But we’re hearing from all sides… this is a great discussion.
Below are some of our answers… and we’ve organized them based on who thinks we’re deep in and who thinks we’re emerging from the downturn. I believe the next question I find myself asking is “Is there anything we as an industry or organized group can do to make the prognosis better? Please leave your feedback!
Seeing we’re in the thick of it… (12 responses)
My sense is that the downturn has slowed drastically however cash-stretched companies can and will still fail while survivors will now start to grow as they absorb business from failures. The recovery will be slow. No one I’ve talked with is in a hurry to expand or grow – they just want to survive. -B. Webb
NOPE !!! Fundamentals are still fake. castles in the air tend to be short lasting. There is no way around paying for the sins of the past… -L. Lastovkin
Sadly, a long way to go yet. -M. Roche
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Tags: bernanke, buy, commercial, debt, downturn, economy, Fed, financing, in the news, investment, lenders, reader feedback, real estate, recession, refinancing