[GoUSC]

Correct on the inflation comment…brain fart. However I guess you don’t pay capital gains taxes on the return you earn???

I don’t care if it costs you $60000 or $6000 to “rent” the money. You are actually borrowing money for more than the return you are getting on it just to have it in the bank and that is asinine IMHO.

[GoUSC]

Tennis at our club – free
BBQ for three at the club – $18
Gas to club – $2.00 (5 min. drive)
Total – $20.00

[GoUSC]

Tennis at our club – free
BBQ for three at the club – $18
Gas to club – $2.00 (5 min. drive)
Total – $20.00

[GoUSC]

Tennis at our club – free
BBQ for three at the club – $18
Gas to club – $2.00 (5 min. drive)
Total – $20.00

[GoUSC]

Tennis at our club – free
BBQ for three at the club – $18
Gas to club – $2.00 (5 min. drive)
Total – $20.00

[GoUSC]

Tennis at our club – free
BBQ for three at the club – $18
Gas to club – $2.00 (5 min. drive)
Total – $20.00

[GoUSC]

BobS try again on that one big guy.

Cost of money 6%
Inflation 4%
Return (3%)

So your real cost of that money is 7%. Just to have some cash on hand.

Wow. Just unbelievable.

[GoUSC]

BobS try again on that one big guy.

Cost of money 6%
Inflation 4%
Return (3%)

So your real cost of that money is 7%. Just to have some cash on hand.

Wow. Just unbelievable.

[GoUSC]

BobS try again on that one big guy.

Cost of money 6%
Inflation 4%
Return (3%)

So your real cost of that money is 7%. Just to have some cash on hand.

Wow. Just unbelievable.

[GoUSC]

BobS try again on that one big guy.

Cost of money 6%
Inflation 4%
Return (3%)

So your real cost of that money is 7%. Just to have some cash on hand.

Wow. Just unbelievable.

[GoUSC]

BobS try again on that one big guy.

Cost of money 6%
Inflation 4%
Return (3%)

So your real cost of that money is 7%. Just to have some cash on hand.

Wow. Just unbelievable.

[GoUSC]

PadreBrian,

Let’s just say MCM started that project 3 years later and landed slap dab in the middle of the shitstorm housing market we have now. They would still be obligated to completed everything at Liberty Station. The park, the public spaces, the homes, the office buildings etc. They took on a ton of risk, placed $150+ million in completion bonds on the project.

The proof is in the pudding in my opinion. If you walk that project today it turned out amazingly well. Outside of the land, MCM received no government assistance to complete the project.

It is easy to throw stones when you have no idea what it takes to develop a project.

I was not involved in the residential developmet, or master development of Liberty Station but I know the amount of dollars that were spent all at risk by the company and I know what public improvements were made. Liberty Station did not win Base Redevelopment of the year because it turned out as a crappy useless project. It is well executed and enjoyed by the masses.

[GoUSC]

PadreBrian,

Let’s just say MCM started that project 3 years later and landed slap dab in the middle of the shitstorm housing market we have now. They would still be obligated to completed everything at Liberty Station. The park, the public spaces, the homes, the office buildings etc. They took on a ton of risk, placed $150+ million in completion bonds on the project.

The proof is in the pudding in my opinion. If you walk that project today it turned out amazingly well. Outside of the land, MCM received no government assistance to complete the project.

It is easy to throw stones when you have no idea what it takes to develop a project.

I was not involved in the residential developmet, or master development of Liberty Station but I know the amount of dollars that were spent all at risk by the company and I know what public improvements were made. Liberty Station did not win Base Redevelopment of the year because it turned out as a crappy useless project. It is well executed and enjoyed by the masses.

[GoUSC]

PadreBrian,

Let’s just say MCM started that project 3 years later and landed slap dab in the middle of the shitstorm housing market we have now. They would still be obligated to completed everything at Liberty Station. The park, the public spaces, the homes, the office buildings etc. They took on a ton of risk, placed $150+ million in completion bonds on the project.

The proof is in the pudding in my opinion. If you walk that project today it turned out amazingly well. Outside of the land, MCM received no government assistance to complete the project.

It is easy to throw stones when you have no idea what it takes to develop a project.

I was not involved in the residential developmet, or master development of Liberty Station but I know the amount of dollars that were spent all at risk by the company and I know what public improvements were made. Liberty Station did not win Base Redevelopment of the year because it turned out as a crappy useless project. It is well executed and enjoyed by the masses.

[GoUSC]

PadreBrian,

Let’s just say MCM started that project 3 years later and landed slap dab in the middle of the shitstorm housing market we have now. They would still be obligated to completed everything at Liberty Station. The park, the public spaces, the homes, the office buildings etc. They took on a ton of risk, placed $150+ million in completion bonds on the project.

The proof is in the pudding in my opinion. If you walk that project today it turned out amazingly well. Outside of the land, MCM received no government assistance to complete the project.

It is easy to throw stones when you have no idea what it takes to develop a project.

I was not involved in the residential developmet, or master development of Liberty Station but I know the amount of dollars that were spent all at risk by the company and I know what public improvements were made. Liberty Station did not win Base Redevelopment of the year because it turned out as a crappy useless project. It is well executed and enjoyed by the masses.

[Author]

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