GLG News by Land Brokerage Experts (California)

It appears that we have been doing nothing economically during the current administration except gorging in a huge consumption and speculative binge and conducting war in the Middle East.  The subject article proposes that we will pay for this during the next administration and beyond as we rebuild...

In my mind, the debate as to housing affordability and commercial real estate viability is over.  The game is lost as $ 21 trillion in housing value will become $ 15 trillion in the next few years and commercial real estate values will drop 25 to 50 % on the average in the next few years. 

If the subject analysis is realized, the return of Wall Street to advisory services will return real estate debt to the portfolio lenders.  Goodbye to the CMBS market as well as the sub-prime market.  In fact, Wall Street itself will be a unit of major banking institutions.  The major...

Several national housing market indicators have been deteriorating at historically high rates in the last several months.  The downward trend of these indicators points to a national recession.

The economy of the western United States has been thought to have underpinnings that are too solid to be affected by recessions. Among these economic undertakings are the gaming and tourism facilities of Las Vegas. This assumption looks to be shaky as set forth in the subject article. &nb...

 The article shows what’s on the local mind as families in this average man’s town try to get from paycheck to paycheck.  Not surprisingly, the British grocer, Tesco, has called a 90 day moratorium to its aggressive market entry and store opening program in Arizona, California and Nevada. ...

Consider: “a lot of the financial system looks like it’s going to shrivel up and have to be rebuilt”; “it’s clear that we’re going to have a commercial real estate crash not too far short of the severity of the housing crash”; “the only good thing we have going for the U.S. economy now is the weak dollar...

This material is an easy reading two pages that proposes government programs that will take at least ten years to effect.  We haven’t begun to set up a government program as proposed and won’t in this lame duck administration.  So by the time the next government in Washington gets out of first...

The subject article chronicles the downward trend in retail sales and consumerism that was shown in the less than stellar Holiday season just past.  Other media have recently questioned the strength of the fashion sector as indicated by the recent closings in LRTW.

It’s preposterous to think that our real estate, homebuilding and home lending industries could with government approval in the last ten years have created the losses which threaten to upset the entire financial system of this county in a manner which may eclipse the thirties.