Ocean Pacific Properties Parallel Universe – Piggington's Econo-Almanac

This topic has 45 replies, 5 voices, and was last updated 16 years, 6 months ago by jpinpb.

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May 27, 2008 at 6:46 PM #12866

bub
Participant

Can someone who is familiar with Mission Beach please tell who is financing Ocean Pacific Properties building boom? I take regular walks along the ocean in Mission Beach and I find it bizarre that this company is continuing to build and literally breaking ground with new projects.

They haven’t even sold the crap they built 2 years ago. Now I realize the market is different on the ocean but c’mon!

May 27, 2008 at 7:12 PM #212234

jpinpb
Participant

From what I understand, Ken, the young guy, married the older woman (yes, it’s his wife, not his mom). Her father had a hotel in Vegas, which she inherited. They sold the hotel and started building in Mission Beach to make it the West Coast Miami. They made money off what they sold during the boom. I imagine that is what is keeping them afloat while they wait for suckers to buy what’s built. I don’t know how long they can ride it out.

This is hearsay. My sources are somewhat reliable.

Armstrong Construction is hurting. He has NODs on the condo development on Felspar behind Henry’s and also on Grand. This is confirmed info.

May 27, 2008 at 7:12 PM #212387

jpinpb
Participant

From what I understand, Ken, the young guy, married the older woman (yes, it’s his wife, not his mom). Her father had a hotel in Vegas, which she inherited. They sold the hotel and started building in Mission Beach to make it the West Coast Miami. They made money off what they sold during the boom. I imagine that is what is keeping them afloat while they wait for suckers to buy what’s built. I don’t know how long they can ride it out.

This is hearsay. My sources are somewhat reliable.

Armstrong Construction is hurting. He has NODs on the condo development on Felspar behind Henry’s and also on Grand. This is confirmed info.

May 27, 2008 at 7:12 PM #212355

jpinpb
Participant

From what I understand, Ken, the young guy, married the older woman (yes, it’s his wife, not his mom). Her father had a hotel in Vegas, which she inherited. They sold the hotel and started building in Mission Beach to make it the West Coast Miami. They made money off what they sold during the boom. I imagine that is what is keeping them afloat while they wait for suckers to buy what’s built. I don’t know how long they can ride it out.

This is hearsay. My sources are somewhat reliable.

Armstrong Construction is hurting. He has NODs on the condo development on Felspar behind Henry’s and also on Grand. This is confirmed info.

May 27, 2008 at 7:12 PM #212334

jpinpb
Participant

From what I understand, Ken, the young guy, married the older woman (yes, it’s his wife, not his mom). Her father had a hotel in Vegas, which she inherited. They sold the hotel and started building in Mission Beach to make it the West Coast Miami. They made money off what they sold during the boom. I imagine that is what is keeping them afloat while they wait for suckers to buy what’s built. I don’t know how long they can ride it out.

This is hearsay. My sources are somewhat reliable.

Armstrong Construction is hurting. He has NODs on the condo development on Felspar behind Henry’s and also on Grand. This is confirmed info.

May 27, 2008 at 7:12 PM #212308

jpinpb
Participant

From what I understand, Ken, the young guy, married the older woman (yes, it’s his wife, not his mom). Her father had a hotel in Vegas, which she inherited. They sold the hotel and started building in Mission Beach to make it the West Coast Miami. They made money off what they sold during the boom. I imagine that is what is keeping them afloat while they wait for suckers to buy what’s built. I don’t know how long they can ride it out.

This is hearsay. My sources are somewhat reliable.

Armstrong Construction is hurting. He has NODs on the condo development on Felspar behind Henry’s and also on Grand. This is confirmed info.

May 27, 2008 at 8:36 PM #212347

LarryTheRenter
Participant

What’s up with KB builders in PB??? They are the builders who buy lots and put up 4 units of townhomes…..They are building all over PB like crazy and haven’t slowed down….Does anyone know if they are selling and what this guy’s deal is??? All his units look the same – stucco, view decks, etc..It is like he has a formula, but I can’t see this contuing much longer…..

May 27, 2008 at 8:36 PM #212273

LarryTheRenter
Participant

What’s up with KB builders in PB??? They are the builders who buy lots and put up 4 units of townhomes…..They are building all over PB like crazy and haven’t slowed down….Does anyone know if they are selling and what this guy’s deal is??? All his units look the same – stucco, view decks, etc..It is like he has a formula, but I can’t see this contuing much longer…..

May 27, 2008 at 8:36 PM #212374

LarryTheRenter
Participant

What’s up with KB builders in PB??? They are the builders who buy lots and put up 4 units of townhomes…..They are building all over PB like crazy and haven’t slowed down….Does anyone know if they are selling and what this guy’s deal is??? All his units look the same – stucco, view decks, etc..It is like he has a formula, but I can’t see this contuing much longer…..

May 27, 2008 at 8:36 PM #212397

LarryTheRenter
Participant

What’s up with KB builders in PB??? They are the builders who buy lots and put up 4 units of townhomes…..They are building all over PB like crazy and haven’t slowed down….Does anyone know if they are selling and what this guy’s deal is??? All his units look the same – stucco, view decks, etc..It is like he has a formula, but I can’t see this contuing much longer…..

May 27, 2008 at 8:36 PM #212427

LarryTheRenter
Participant

What’s up with KB builders in PB??? They are the builders who buy lots and put up 4 units of townhomes…..They are building all over PB like crazy and haven’t slowed down….Does anyone know if they are selling and what this guy’s deal is??? All his units look the same – stucco, view decks, etc..It is like he has a formula, but I can’t see this contuing much longer…..

May 27, 2008 at 8:38 PM #212350

LarryTheRenter
Participant

What’s up with KB builders in PB??? They are the builders who buy lots and put up 4 units of townhomes…..They are building all over PB like crazy and haven’t slowed down….Does anyone know if they are selling and what this guy’s deal is??? All his units look the same – stucco, view decks, etc..It is like he has a formula, but I can’t see this contuing much longer…..

May 27, 2008 at 8:38 PM #212278

LarryTheRenter
Participant

What’s up with KB builders in PB??? They are the builders who buy lots and put up 4 units of townhomes…..They are building all over PB like crazy and haven’t slowed down….Does anyone know if they are selling and what this guy’s deal is??? All his units look the same – stucco, view decks, etc..It is like he has a formula, but I can’t see this contuing much longer…..

May 27, 2008 at 8:38 PM #212379

LarryTheRenter
Participant

What’s up with KB builders in PB??? They are the builders who buy lots and put up 4 units of townhomes…..They are building all over PB like crazy and haven’t slowed down….Does anyone know if they are selling and what this guy’s deal is??? All his units look the same – stucco, view decks, etc..It is like he has a formula, but I can’t see this contuing much longer…..

May 27, 2008 at 8:38 PM #212403

LarryTheRenter
Participant

What’s up with KB builders in PB??? They are the builders who buy lots and put up 4 units of townhomes…..They are building all over PB like crazy and haven’t slowed down….Does anyone know if they are selling and what this guy’s deal is??? All his units look the same – stucco, view decks, etc..It is like he has a formula, but I can’t see this contuing much longer…..
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