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.
When I to begin with commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is additional I get three e-mails with the same remark. Is there any way you can remove me from that services? Thank you!
Hey there! I recently observed your website and I certainly take pleasure in it. I love to communicate about omega xl sometimes. Great to be about, thanks a great deal!
we desire to honor heaps of other world wide web world wide web-sites on the net, even when they arent connected to us, by linking to them. Under are some webpages actually worth checking out
I know this if off subject matter but I’m searching into starting my possess weblog and was curious what all is essential to get established up? I’m assuming having a website like yours would expense a pretty penny? I’m not extremely net savvy so I’m n…
Hi there! This is type of off subject matter but I want some guidance from an proven weblog. Is it quite tough to set up your personal weblog? I’m not extremely techincal but I can figure things out rather rapid. I’m contemplating about setting up my p…
Greetings from Colorado! I’m bored to loss of life at work so I made the decision to browse your web site on my apple iphone throughout lunch split. I really like the data you supply here and can’t hold out to just take a search when I get house. I’m s…
What’s up it’s me, I am also browsing this web site on a regular basis, this site is actually pleasant and the viewers are actually sharing great ideas.
Hi there! Do you know if they make any plugins to help with Search engine marketing? I’m striving to get my weblog to rank for some specific keywords but I’m not looking at really excellent gains. If you know of any please share. A lot of many thanks!
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.
脱毛
[…]Here are several of the web pages we recommend for our visitors[…]
wordpress mauritius
[…]always a large fan of linking to bloggers that I love but really don’t get a lot of link like from[…]
رفع ارور 1009
When I to begin with commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is additional I get three e-mails with the same remark. Is there any way you can remove me from that services? Thank you!
خرید کولر صنعتی
Hey there! I recently observed your website and I certainly take pleasure in it. I love to communicate about omega xl sometimes. Great to be about, thanks a great deal!
تبلیغات در صفحه اول گوگل
The knowledge described inside of the report are some of the most effective available.
خرید کولر صنعتی
we desire to honor heaps of other world wide web world wide web-sites on the net, even when they arent connected to us, by linking to them. Under are some webpages actually worth checking out
رفع ارور 1009
Check below, are some entirely unrelated world wide web-websites to ours, nevertheless, they’re most reliable resources that we use.
تبلیغات در صفحه اول گوگل
Quite! This has been a actually fantastic article. Many thanks for delivering this information.
رفع ارور 1009
Every right after in a even however we opt for blogs that we study. Outlined underneath are the most current net sites that we decide for
تبلیغات در صفحه اول گوگل
I know this if off subject matter but I’m searching into starting my possess weblog and was curious what all is essential to get established up? I’m assuming having a website like yours would expense a pretty penny? I’m not extremely net savvy so I’m n…
وی پی ن آیفون
Hi there! This is type of off subject matter but I want some guidance from an proven weblog. Is it quite tough to set up your personal weblog? I’m not extremely techincal but I can figure things out rather rapid. I’m contemplating about setting up my p…
وی پی ن آیفون
Greetings from Colorado! I’m bored to loss of life at work so I made the decision to browse your web site on my apple iphone throughout lunch split. I really like the data you supply here and can’t hold out to just take a search when I get house. I’m s…
رفع ارور 1009
What’s up it’s me, I am also browsing this web site on a regular basis, this site is actually pleasant and the viewers are actually sharing great ideas.
تبلیغ در گوگل ادوردز
With respect to ergonomics and the advanced technilogy Heuer replica watches have been the fantastic samples of sports activities watches.
vpn ایفون
Hi there! Do you know if they make any plugins to help with Search engine marketing? I’m striving to get my weblog to rank for some specific keywords but I’m not looking at really excellent gains. If you know of any please share. A lot of many thanks!