Phase Three Drawdown: When Every Major City Started Bleeding at Once
This is post 4 in my series on The Commercial Real Estate Tsunami: A Survival Guide for Lenders, Owners, Buyers, and Brokers by Tony Wood, with a foreword by Matthew Anderson (ISBN: 978-0-470-63637-4, published by John Wiley & Sons, 2010). Chapter 3 is called “Phase Three: Drawdown” and it covers what was happening in 2009 across major U.S. metro markets. If the earlier chapters were about warning signs, this one is the hard data proving the warnings were right.