Monday, March 10, 2008

Now the Journal sez.....

The commercial crunch is not as bad as residential? Ding ding ding -- good answer! Thanks to the ever-insightful Deal Junkie for pointing out what is right on target: yes, values are down but everything's okay. The bottom is not going to fall out like it did last time. This is a credit crunch, not a fundamentals problem, and I agree with him that this is also a function of better real estate discipline!