Update
The financial markets go to shit and I stop blogging, nice. It's been busy and I expect blogging to be intermittent until after Labor Day. There has been so much financial news I am not sure where to begin to catchup, so I won't. Look for lenders to get back in the market to ease the financial crisis. Lenders have to lend and the appetite for yield is not going away. The pricing will work itself out over the coming weeks or months. Higher debt spreads will lead to a repricing of assets, in particular real estate. Sellers cannot expect the same cap rates if buyers cannot get financing.