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Even as many Georgia banks grapple with bad residential real estate loans, experts say a new danger lurks: a deteriorating market for shopping centers, office buildings and other commercial property.
Most of Georgia's 300 small, community-based banks have relatively light exposure to these kinds of loans, experts say, allowing them to watch the coming crisis from the sidelines.
Originally posted by Longtimegone
reply to post by lucentenigma
"Commercial decay" is not bad. It is the economy getting rid of businesses that do not utilize the resources of the economy wisely. They are not offering goods that consumers want to buy...so why should they stick around? (Also, this is why bailouts are bad...they do not allow the economy to correct it self by getting rid of these unproductive businesses). This is a time of investment....investment for businesses that know what consumers want. Once the economy corrects itself, it will be even more efficient. This is simple economics. Don't be silly and mislead others.