We are early into our nation's greatest depression...
So pack away all the cash that you can...
Commercial Real Estate is destined to crash this year, 2009.
Then the contraction will roll into Services.
The only bright lights: subsidized PV systems, the move to electric cars, the roll out of VFD HVAC upgrades, the continued expansion of Title 24 modifications, the roll out of LED fixtures into the main market, the upgrade of LCC's across the land...
What will be dead, dead, dead: backyard upgrades, new construction outside of government and health care, residential -- tract or otherwise -- Strip Mall TI's...
If you play this right, you'll be left standing even after most of your peers have bankrupted themselves.
Extend credit to any GC at your peril.
Branch out into the foreclosure resolution business.
Let your apprentices go as soon as possible, you'll die trying to carry them through the depression.
Liquidate all idle assets ASAP.
Kill off all debts.
Do not buy any major tools, vehicles.
Downsize your shop; lower your monthly nut ASAP.
Sell the 'toys' ASAP.
There will be no way to avoid the punishment.
Don't waste money on high dollar advertising.
All HELOC ( Home Equity Line Of Credit ) will be shut down in very short order.
Expect huge contractions in Credit Card Limits... It's already well underway at the major issuers.
Live cheap or you won't make it.
