Reality has returned to the real estate markets and it will be a long way back. Real estate returns will be more modest.

How the evolution of Wall St severely impacted the problems in real estate.

How the decline of asset values will restrain economic recovery.

Capital constraints and lack of value recognition will cause commercial real estate to take years to fix.

How FinReg will constrain CMBS lending. The Maxine Waters quota discrimination clause.

The digiatl revoltuion is going to have dramtic impacts on how buildings and space are designed and how people work and live

The actions of Congress and the administration will have unintended consequences and further harm the potential for recovery

I am sure you hear it from everyone lately, just as I have. Everyone is completely uncertain about what the administration and Congress will do next to add taxes.