Commercial Real State

Phenomenal graph from Sean Keane at Triple T Consulting showing commercial real estate loan proportions of Tier 1 bank capital across the US:

All data available at the FDIC.

Comments

[Anonymous]

Real Data vs. SRS @ $16: it's the Green Shytes with P/E = Price to Expectations. Got debt? No incoming revenue? Outlook grim or wishful? NP!

[Anonymous]

http://www.proshares.com/funds/srs.html?Index

Almost ~9% of the index is SPG.

[Anonymous]

Please put up a link to high res chart.

[Anonymous]

How can SRS have fallen from 21 to 16 with this situation? Markets just go up everyday. Mind boggling.

[Anonymous]

You guys have bought the hysteria here hook, line and sinker. Zero Hedge is a CRE idiot; four months ago they couldn't even explain a cap rate. What CRE do they own? Do they manage property? Have they made a down payment on anything other than a powder blue Vespa? Give me a break....

If you're looking for CRE insight go elsewhere; there's none to be found here.

[Cow]

I think it depends on the components of the ETF.  I believe SRS includes self storage unit companies, which would benefit from the downturn in the economy.  Other than that, I have no idea.  It's curious.

[Anonymous]

Graph needs to be mnuch larger to properly interpret.

[Anonymous]

Pretty irritating that the graph can´t be deciphered.

[Anonymous]

?

[Anonymous]

(CRE) Commercial real estate crash in pictures . I took a drive this evening from 5.30 pm - 7.30 pm and shot over 200 pictures of Florida real estate in crisis. What is really amazing if you notice the time and date on each picture . I was able to shoot a picture about every 45 seconds while all alone driving in traffic including stopping for traffic lights and gas and parking in a safe place each time for each shot . Everywhere you turn something is for lease or rent.

All these headlines in the media dont seem to have any effect on people so here is one road in one town ( out of thousands ) in Fort Lauderdale Florida up to Pompano Beach ( about 8 miles ) I pretty much only shot the right side of the street because I did not want to do any u turns . Some pics I shot across the street . This does not even include office buildings .

There is something for lease or rent in almost every single plaza or strip mall without exception . I also missed a lot more because of traffic and buildings set back from the street. This does not even include offices , homes , condos etc, this is just stuff abandoned or had a sign in front of it and I missed a LOT of signs . This is not even all the empty lots that sit because the developer abandoned the project after buying up the whole neighborhood .

This is Fort Lauderdale Florida . The Gold Coast , The Venice of America the Yachting capital of the world folks.The pictures start at the Fort lauderdale beach on Sunrise Blvd. and go west to federal Highway ( rte 1 ) north to Pompano Beach about 8 miles and finish in a random warehouse district off the main road . After that it got dark and I had to stop .

You will see Exotic car dealerships Burger King, Wendys , Fuddruckers , Hooters , Pier one , furniture stores , restaurants , clubs boat dealers, Business that have been there 20 + years , Supermarkets , Saks 5th avenue ( big white building in beginning ) Macks groves , Flaming Pit , the old 50's diner . A Ford dealer and a Dodge dealer . A golf course in beginning of slideshow . All GONE in just one 8 mile strip . Folks this is the good side of town with the money I did not even go to the other side of the tracks or to other streets just one !!!

Please Note Ferrari is building a beautifull new dealership. I guess that is where Goldman Sachs employees will spend their money.

http://s218.photobucket.com/albums/cc205/pictureserverphotos/?albumview=...

Dont believe the headlines , CRE is getting worse not better.