Deadbeat Developers Signaled by Property Derivatives

You barely have to read past the first paragraph to know how this one is going to turn out:

In the bond market, commercial property investors are about as creditworthy as U.S. homeowners with subprime mortgages.

I guess that means things aren’t so good. To credit, there is a lot of conflicting argument within, although a lot of it sounds like the same line the National Association of Realtors has been spewing for the last two years on the residential front.