Quote:
Originally Posted by Mike M.
Businesses are shrinking or closing at all levels of the economy. (Starbucks, KB toys, Home Depot, mom and pop shops) Who is going to buy or rent these vacant spaces? As long as businesses continue to down size, we will see the price of commercial real estate go down.
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Mike, all those reasons are precisely why it's the time to buy commercial property. Lots of inventory means big-time buyers market.
What you are thinking is of someone flipping the thing and having a whiz-bang operation by summer. The reality is you have to have deep pockets and can handle the carrying cost. It's a longer term investment.
Pick five of those properties that are in otherwise good locations and look at what the cost. Pull that list out in 10 years and see what they are worth
