Commercial Real Estate Collapse - Midtown Manhattan [05:53]
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Commercial Real Estate Collapse - Midtown Manhattan
Video title: Commercial Real Estate Collapse - Midtown Manhattan
Description: From the October 6, 2009 PBS "News Hour." One sees this every day. Storefronts on Park Avenue South where overpriced restaurants sat two years ago are empty with "For Rent" signs, something one never saw in such neighborhoods. Traditionally in NYC, property changes hands in private deals, never through the posting of rent signs. With 1% down payments, commercial real estate makes the subprime meltdown look outright responsible.
Views : 118
Category : News
Video Tags : commercial, real, estate, collapse, new, york, city, midtown, Manhattan, Gerald, Celente, economic, recession, depression, over-leverage, mortgages, Jim, rogers, Marc, Faber, Peter, Schiff, PBS, News, Hour, subprime