The meme going around now is that the Dubai debt thing is only the start of a wave of sovereign defaults, including Latvia and Greece, coming soon. While this could be the case, I actually see a lot more similarities between what the Bear Stearns blow up ultimately meant to the residential real estate market versus what the default of Dubai World could mean for the commercial real estate market.
While I make no predictions or forecasts on this site whatsoever, I would be remiss if I did not point out some of these similarities (see above chart).
Commercial real estate has long been thought of as 2010’s big meltdown and the proverbial “next shoe to drop”. Nowhere has the worship and commensurate overbuilding of commercial real estate been better exemplified than in the United Arab Emirates. At one point in 2005, it was estimated that 25% of all the cranes in the world were operating within the UAE.
Like California and South Florida came to represent the worst of the residential RE bubbles, the explosion in spending and financing for commercial RE has its international Ground Zero in Dubai. Everyone from the major banks to the private equity cabal to Donald Trump has a stake in this story.
We’ll see whether this story is “contained” or if it is just the harbinger of a re-marking of commercial RE portfolios around the world.
Full Disclosure: Nothing on this site should ever be construed as research, advice or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.
[…]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless definitely really worth taking a appear, whoa did a single learn about Mid East has got more problerms as well […]
Hey there, I consider your website might be possessing browser compatibility concerns. When I look at your web site in Safari, it seems fantastic but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up…
[…]although sites we backlink to beneath are considerably not related to ours, we really feel they are really really worth a go as a result of, so possess a look[…]
Kona coffee is so good you’ll be tempted to drive to the Hawaii. Shop our high quality selections of Kona Coffee beans shipped fresh from Kona to your doorstep, no splash required.
[…]although internet sites we backlink to below are considerably not associated to ours, we really feel they may be basically really worth a go by way of, so have a look[…]
I’m a New York City-based financial advisor at Ritholtz Wealth Management LLC. I help people invest and manage portfolios for them. For disclosure information please see here.
Subscribe & Reform
Get a Full Investor Curriculum: Join The Book List
Every month you'll receive 3-4 book suggestions--chosen by hand from more than 1,000 books. You'll also receive an extensive curriculum (books, articles, papers, videos) in PDF form right away.
prostate stimulator
[…]check below, are some totally unrelated websites to ours, even so, they are most trustworthy sources that we use[…]
anal toy
[…]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless definitely really worth taking a appear, whoa did a single learn about Mid East has got more problerms as well […]
کفسابی
Hey there, I consider your website might be possessing browser compatibility concerns. When I look at your web site in Safari, it seems fantastic but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up…
New Comers Strap-On and Dildo Set
[…]Every when inside a while we select blogs that we study. Listed beneath are the most recent web sites that we pick out […]
huge dildo
[…]always a big fan of linking to bloggers that I enjoy but really don’t get a whole lot of link like from[…]
limo service Minneapolis
[…]although sites we backlink to beneath are considerably not related to ours, we really feel they are really really worth a go as a result of, so possess a look[…]
A&E G-Bunny Slim
[…]please stop by the web sites we follow, like this a single, because it represents our picks from the web[…]
kona coffee
Kona coffee is so good you’ll be tempted to drive to the Hawaii. Shop our high quality selections of Kona Coffee beans shipped fresh from Kona to your doorstep, no splash required.
reddit cryptocurrency
[…]Here are a few of the web pages we advise for our visitors[…]
Minneapolis Limousine
[…]always a big fan of linking to bloggers that I love but do not get a lot of link love from[…]
classic sex toy
[…]usually posts some incredibly interesting stuff like this. If you are new to this site[…]
vibrating ring for men
[…]please visit the internet sites we comply with, including this one, as it represents our picks in the web[…]
digital marketing
[…]Here are several of the web-sites we advocate for our visitors[…]
2018 mercedes c63s amg armytrix valvetronic exhaust
[…]although internet sites we backlink to below are considerably not associated to ours, we really feel they may be basically really worth a go by way of, so have a look[…]
hotels on singer island
[…]Here are a few of the websites we recommend for our visitors[…]