Over the last few months I have read articles dealing with the economy, the real estate market and trends of purchases from batteries to buildings. The funny thing is when I read these articles I try to find the light at the end of the tunnel in them. Most if not all are downers. Consumer confidence is a key factor in the recovery of any market and especially the emotionally charge real estate market. People buy the properties for a profit yes, and for future income yes, but after purchasing the property it becomes a part of them as well. If it were only a money making problem everyone would just turn the keys in and call it a day as a lot of property is underwater. This can be a non-performing property or the value is no longer there or both. Regardless the investors still look for a way to make their baby work. Hence the reason for this blog.

Real Estate is an emotional purchase and when we buy we want our baby to succeed. If it does not we take it personally, at least I do. So the main reason for creating CREDAA was to help with this problem. I want people to come together with their emotional ties to real estate to figure out a way to keep their babies, and also figure out how to make them grow into productive adults.

This market will turn, but right now we all need to bring our individual knowledge together to help us produce the market to bring us out of this downturn. If you would like to share in our vision and journey with the Commercial Real Estate Distressed Assets Association (CREDAA) please join us and together we will turn this market around. We have many exciting items to come and we would like you to share in our unique ideas and innovations. I look forward to networking and producing a good quality association with you.

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Comment by Sossi Crilly, Crepig Adviser on December 14, 2009 at 4:34pm
Thank you Scott, great post.

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