FOBO..First Out Better Off

As we draw to the middle of the March month, more and more buzz is rising of the commercial RE burden on lenders. The equity markets responded well last week to a divergent talk of stabilization, but the other shoe has yet to drop or....can it be put back on. The commercial RE markets are now in the turmoil including a rise in commercial lending delinquencies. I know, I know....dooms day talk. But no, we cannot stick our heads in the sand and hope the storm will pass. We still have a significant hurdle ahead and it must be addressed. There are buyers in the market and there is cash available. It is a matter of pricing to re-adjust the market. Sellers beware. We have all been taught FIFO in basic Econ. First In First Out in inventory control. Well that basic principal plays now with RE, but now the acronym is FOBO...First Out Better Off. Here is a great article of what is happening in Tampa...http://blogs.tampabay.com/venture/209/03/wake-up-and-g-6.html