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re: Goldman Sachs believes the US economy will slow to a crawl next year
Posted on 11/19/18 at 12:36 pm to Northwestern tiger
Posted on 11/19/18 at 12:36 pm to Northwestern tiger
I've had a commercial developer tell me this a few months ago. Apparently, much of the commercial construction/real estate industry knows this is coming
3
Posted on 11/19/18 at 12:45 pm to upgrayedd
quote:
I've had a commercial developer tell me this a few months ago. Apparently, much of the commercial construction/real estate industry knows this is coming
I'll take "Self-Fulfilling Prophecies" for $500, Alex.
Posted on 11/20/18 at 7:31 am to upgrayedd
quote:
Apparently, much of the commercial construction/real estate industry knows this is coming
Interest rate hike? It will take a while for the developers to understand that passing along the interest rate increases in the cost of homes will deter selling of homes, with the already very high construction costs. The reason they've been able to get away with high construction costs right now is partly due to low interest.
It will correct itself out, but may take a few years. FWIW, i still think Goldman Sachs is full of shite, unless they are factoring in obstructionism from the left.
Posted on 11/20/18 at 9:13 am to upgrayedd
quote:
I've had a commercial developer tell me this a few months ago. Apparently, much of the commercial construction/real estate industry knows this is coming
Ive heard the same verbiage but with a tone of..."because it always does"
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