The Case for RTC II (“RTC²?”) It seems increasingly apparent — at least to this observer — that what lies in our collective future is some sort of successor to The Resolution Trust Corporation (“RTC”). It was the RTC, of course, that successfully dealt with (and disposed of) all the foreclosed commercial properties left in the...Read More
A 30 Year Overview of Commercial Real Estate Did you know that bubbles can have progeny? That’s John Carney’s take, in his treatise-length (but extremely worthwhile) post, “How A Government Bailout Created Today’s Commercial Real Estate Catastrophe” (Clusterstock; 11/16/2009). According to Carney, today’s commercial real estate bubble is actually a “grandchild” bubble; the “grandparent” was...Read More