mathematically perfected economy™ (MPE™)    1  :   the singular integral solution of  1) inflation and deflation,  2) systemic manipulation of the cost or value of money or property, and  3) inherent, artificial multiplication of debt into terminal systemic failure;    2  :  every prospective debtor's right to issue legitimate promises to pay, free of extrinsic manipulation, adulteration, or exploitation of those promises, or the natural opportunity to make good on them;    3  :  our right to certify, to enforce, and to monetize industry and commerce by this one sustaining and truly economic process.

MORPHALLAXIS, January 14, 1979.

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 Post subject: Huge Commercial Real Estate Crash in the Air
PostPosted: 30 Oct 2009, 10:24 pm 

Joined: 29 Jan 2008, 6:06 pm
Posts: 731
Huge Commercial Real Estate Crash in the Air

Bill McConnell wrote:
Regulators push for workouts to stop Real Estate crash

Published October 30, 2009 at 4:15 PM

On the same day as top financiers warned of a coming collapse of the commercial real estate market, bank regulators urged depository institutions to work out loans in the sector. Additionally, these regulators released guidance on how examiners and financial institutions should approach workouts with commercial real estate borrowers that are experiencing diminished operating cash flows, depreciated collateral values, or prolonged delays in selling or renting commercial properties.

The regulators said they "recognize that prudent loan workouts are often in the best interest of both financial institutions and borrowers, particularly during difficult economic conditions." The guidance spells out "prudent and pragmatic" risk management practices for workouts aimed at supporting ongoing businesses while preserving "financial accuracy, transparency and timely loss recognition."

The regulators said financial institutions that follow the guidance will not be criticized, even if the restructured loans have weaknesses that result in adverse credit classifications. In addition, performing loans made to creditworthy borrowers, including loans renewed or restructured "on reasonable modified terms," will not be subject to adverse classification solely because the value of the underlying collateral declined.

The guidance was released on the same day investor Wilbur L. Ross Jr. said the U.S. is in the beginning of a "huge crash in commercial real estate." Ross, CEO of WL Ross & Co., told Bloomberg Radio, "All of the components of real estate value are going in the wrong direction simultaneously." He noted that, "Occupancy rates are going down. Rent rates are going down, and the capitalization rate -- the return that investors are demanding to buy a property -- are going up."

Also, hedge fund legend George Soros, speaking at a lecture organized by the Central European University in Budapest, said a "bloodletting" may be coming for leveraged buyouts and commercial real estate. Bloomberg News reported that U.S. commercial property sales are forecast to fall to the lowest in almost two decades and that the Moody's/Real Commercial Property Price Indices already have fallen almost 41% since October 2007. - Bill McConnell

Also this source:

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While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

There is no other solution. Regulation can only temper an inherently terminal process.

If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.

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