Quote:
Originally Posted by dsad1
There is no reasonable decision making for a full country shutdown for multiple months. If this keeps on going we are all screwed, even the most conservative do not underwrite for this type of scenario.
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that is for sure. and i agree that this is going ot get much worse once the downstream economic impact begins to be realized.
however, i have had many conversations this week. the guys who kept lots of cash around, own lots of real estate and have good finance depts are going to last a lot longer.
the tide will be washing out the poorly managed and the over-leveraged first.
lots of large tenant loses in malls already confirmed. lots of mass lay offs queitly being announced and processed. two dealer groups have laid off 700+ people and i'm told a lot more are coming.