Re: Dale is Wrong on Gatehouse II
Posted by:
commercial real estate
()
Date: June 30, 2009 12:56PM
During the negotiations, Stu Gibson declared, "It is a great time to buy real estate!!"
I guess somebody in FCPS should talk with the folks in the budget office in Fairfax County Govt.
In The Post today:
Home values, which declined by more than 12 percent last year, will probably continue to drop but at a slightly slower rate.
More dramatic will be the impact of declining values in nonresidential real estate such as hotels and high-rise office buildings. Nonresidential real estate makes up less than a quarter of tax receipts but is projected to sink in value by about 18 percent in the next fiscal year -- the largest drop since at least 1991, according to the analysis.