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Article: Real estate forecast 1990: getting back to basics.
- Article from:
- Buildings
- Article date:
- January 1, 1990
- Author:
CopyrightCOPYRIGHT 1990 Stamats Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Real Estate Forecast 1990: Getting Back to Basics
The real estate craze of the 1980s -- which spawned a vast number of poorly conceived and financed deals, leaving markets tremendously overbuilt nationwide -- has left the industry with only one recourse: Return to fundamentals.
The 1980s were indeed glory days for the commercial real estate industry. Three factors paved the way for the flood of players -- and money -- into the marketplace: the deregulation of the financial services industry (which allowed S&Ls and other financial institutions to not only loan money, but sink equity into real estate deals); the swell of large-scale, national development ...