Accounting For Losses On Commercial Real Estate

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Accounting For Losses On Commercial Real Estate


Apartment Listing  

The commercial real estate market is valued at $3.5 trillion today. Every single kind of loan has defaults like apartment buildings, commercial buildings, malls, hotels, hospitals, and so on. If the deficits caused by the loans are not filled up, there would be grave dangers to the finances.

The real estate prices in the commercial sector have fallen steeply by 39 percent and a further 27 percent in 2009. In spite of that, big financial sectors are taking huge losses and cuts. This even includes companies like Wells Fargo, Bank of America and CitiGroup.

There are very few measures that the US government can take as of now to cut down their losses. They may invariably depend on tax payers for bailout as they have no other choice. The accounting boards have also eased several rules on banks to report their earnings and account for their losses. In spite of that, the losses seem to be a much larger figure to handle.

The US economy and the financial market still have the worst to face. This would also include the commercial real estate market. The residential real estate market was hit by a spate of foreclosures. However, the balance was still maintained in that sector.

Commercial real estate so far has been accounting for several losses in terms of incompletion of projects and defaults. Several companies have been closing down businesses and even this has led to a steep fall overall. The commercial real estate prices have dropped with a high margin because of all this.

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Accounting For Losses On Commercial Real Estate