Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The end of the decade approaches and the next couple of weeks will be filled with stories about what a lost ten years it´s been-from Enron and 9/11 to Iraq and the credit meltdown. In real estate, we didn´t create much-except for a lot of overpriced condos and half baked Las Vegas hotels, but we sure bought, financed, and sold a ton of properties, which generated a bank vault of fees off values that weren´t really there. In the end property prices head back down to about where they started the decade, well maybe they´ll be a bit higher for premium properties. And the bloat of middlemen brokers and dealmakers has been deflated.

So what´s the future? Do we really want to resuscitate the mirage machine? Anyone left standing with some cash in hand gets ready to buy at approaching market lows. But then what? Is the idea to sell asap, book big gains? Instead of holding and managing for steady cash flows will we go back into high octane, opportunistic trading mode?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.