Quote:
Originally Posted by Reminiscence
I also agree, that's a great picture, thanks for posting it! Its nice to see so much progress over the last 9 years, but this next coming decade will be twice as better is all goes according to schedule. Lets just hope we can recover from this crisis as fast as possible, then we'll be back in the show.
|
Don't hold your breath. IMO, we are going to go through a longer period of slow or no growth than many people realize. There is absolutely no demand for office space and the vacancy rate keeps climbing steadily. Likewise, there is a glut of unsold condos, there will be no hotel construction, retail is contracting, real estate prices are still decreasing in most areas and credit will not return to anything resembling normal for quite some time.
I'm a realist, not a doomsayer, but realize that there basically is no "schedule" now for many projects. Some of them may never materialize and will eventually be replaced by something else.