This video is not to be missed. The collapse of the commercial real estate guarantees the next phase of the financial implosion. The upside is plenty of downtown living space for homeless Americans.
19th February, 2009
About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it’s clear there’s too much retail space. Just visit Web site deadmalls.com and track retail’s growing body count. And luxury retailers? They’re on “life support,” Davidowitz says.
In These New Times 