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patb.
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October 21, 2009 at 10:36 PM #472145October 22, 2009 at 2:53 PM #472582
patb
Participant[quote=briansd1]patb, it’s nothing that a nice downward price adjustment can’t fix. ;)[/quote]
true but the building can death spiral and hang up for a couple of years.
if the building has 4 owners and 96 unsold, the owners may stop paying
the mortgages, but the bank may not foreclose, or worse if one owner
was in on cash and doesn’t want to walk away, they can lever a lot of
money out of the prospective buyer, it’s a mess.It gets worse if you have 30 owners and 70 units unsold….
now I might not mind living in a building with some trouble being the only person there, i could play “The Omega Man” in the hallways, or have
some amazing paint ball games with buddies.October 22, 2009 at 2:53 PM #472401Participant[quote=briansd1]patb, it’s nothing that a nice downward price adjustment can’t fix. ;)[/quote]
true but the building can death spiral and hang up for a couple of years.
if the building has 4 owners and 96 unsold, the owners may stop paying
the mortgages, but the bank may not foreclose, or worse if one owner
was in on cash and doesn’t want to walk away, they can lever a lot of
money out of the prospective buyer, it’s a mess.It gets worse if you have 30 owners and 70 units unsold….
now I might not mind living in a building with some trouble being the only person there, i could play “The Omega Man” in the hallways, or have
some amazing paint ball games with buddies.October 22, 2009 at 2:53 PM #472936Participant[quote=briansd1]patb, it’s nothing that a nice downward price adjustment can’t fix. ;)[/quote]
true but the building can death spiral and hang up for a couple of years.
if the building has 4 owners and 96 unsold, the owners may stop paying
the mortgages, but the bank may not foreclose, or worse if one owner
was in on cash and doesn’t want to walk away, they can lever a lot of
money out of the prospective buyer, it’s a mess.It gets worse if you have 30 owners and 70 units unsold….
now I might not mind living in a building with some trouble being the only person there, i could play “The Omega Man” in the hallways, or have
some amazing paint ball games with buddies.October 22, 2009 at 2:53 PM #473011Participant[quote=briansd1]patb, it’s nothing that a nice downward price adjustment can’t fix. ;)[/quote]
true but the building can death spiral and hang up for a couple of years.
if the building has 4 owners and 96 unsold, the owners may stop paying
the mortgages, but the bank may not foreclose, or worse if one owner
was in on cash and doesn’t want to walk away, they can lever a lot of
money out of the prospective buyer, it’s a mess.It gets worse if you have 30 owners and 70 units unsold….
now I might not mind living in a building with some trouble being the only person there, i could play “The Omega Man” in the hallways, or have
some amazing paint ball games with buddies.October 22, 2009 at 2:53 PM #473236Participant[quote=briansd1]patb, it’s nothing that a nice downward price adjustment can’t fix. ;)[/quote]
true but the building can death spiral and hang up for a couple of years.
if the building has 4 owners and 96 unsold, the owners may stop paying
the mortgages, but the bank may not foreclose, or worse if one owner
was in on cash and doesn’t want to walk away, they can lever a lot of
money out of the prospective buyer, it’s a mess.It gets worse if you have 30 owners and 70 units unsold….
now I might not mind living in a building with some trouble being the only person there, i could play “The Omega Man” in the hallways, or have
some amazing paint ball games with buddies. -
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