Very Enlightening adn True

Implications: The government is powerless. Wall Street is delusional. The financial system is in trouble, AND IT WILL GET WORSE.

Analysis: The commercial market is not my forte, and I just posted a similar article about the residential market.  NAR and others(agents, RE franchise owners) would like to have us (or really the buyers) believe that a turnaround is close at hand.  This is so far off the mark that it borders on irresponsibility or immorality.  When we see inventory of vacant homes INCREASING from Q4 of '07 to Q1 of '08..to 2.3 million properties we know that big problems still exist.  Until we see a trend of positive statistics, know that the situation is not improving.  Everywhere we see downward pricing pressures.  It may be the best buyers market in 25 years, but if prices go down for the next two years, perhaps by 30-40%, is this the time to buy?? Don't think so!!!