Thursday, September 10, 2009
Commercial Real Estate Health Insurance
One of the landlords that I am work with on occasion called me and said he is having difficulty keeping tenants in his commercial buildings. Some tenants are simply closing up shop and handing him back the keys, while others are way behind on their rent. He jokingly asked me if President Obama's new proposed government run health insurance plan could be expanded to cover commercial real estate, since all his buildings seem to be in such poor health. I told him that if it did, with all the commercial property feeling ill at this time, the plan would go bankrupt in less than a week.
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