[investor]

Putting morality aside, most commercial loans are non-recourse and have been for many years. further, most commercial loans baloon after 5-7 years which requires a newe appraisal and for the owner to cough up, in cash, the reduced appraised value of the property. Falling prices of commercial real estate combined with reduced cash flow from a recession is a double whammy that can result in millions of dollars needing to be coughed up just to hang onto an asset that is falling in value. This is why most owners of commercial real estate give the keys back to the lender in a market like we have now. Morality back in: if the game is non-recourse, is the owner the problem or the lenders the problem? As long as my tax dollars are not used to prop up the lenders,I say let them eat it.They knew the rules when they made the loan.

[investor]

Putting morality aside, most commercial loans are non-recourse and have been for many years. further, most commercial loans baloon after 5-7 years which requires a newe appraisal and for the owner to cough up, in cash, the reduced appraised value of the property. Falling prices of commercial real estate combined with reduced cash flow from a recession is a double whammy that can result in millions of dollars needing to be coughed up just to hang onto an asset that is falling in value. This is why most owners of commercial real estate give the keys back to the lender in a market like we have now. Morality back in: if the game is non-recourse, is the owner the problem or the lenders the problem? As long as my tax dollars are not used to prop up the lenders,I say let them eat it.They knew the rules when they made the loan.

[investor]

Putting morality aside, most commercial loans are non-recourse and have been for many years. further, most commercial loans baloon after 5-7 years which requires a newe appraisal and for the owner to cough up, in cash, the reduced appraised value of the property. Falling prices of commercial real estate combined with reduced cash flow from a recession is a double whammy that can result in millions of dollars needing to be coughed up just to hang onto an asset that is falling in value. This is why most owners of commercial real estate give the keys back to the lender in a market like we have now. Morality back in: if the game is non-recourse, is the owner the problem or the lenders the problem? As long as my tax dollars are not used to prop up the lenders,I say let them eat it.They knew the rules when they made the loan.

[investor]

Putting morality aside, most commercial loans are non-recourse and have been for many years. further, most commercial loans baloon after 5-7 years which requires a newe appraisal and for the owner to cough up, in cash, the reduced appraised value of the property. Falling prices of commercial real estate combined with reduced cash flow from a recession is a double whammy that can result in millions of dollars needing to be coughed up just to hang onto an asset that is falling in value. This is why most owners of commercial real estate give the keys back to the lender in a market like we have now. Morality back in: if the game is non-recourse, is the owner the problem or the lenders the problem? As long as my tax dollars are not used to prop up the lenders,I say let them eat it.They knew the rules when they made the loan.

[investor]

Putting morality aside, most commercial loans are non-recourse and have been for many years. further, most commercial loans baloon after 5-7 years which requires a newe appraisal and for the owner to cough up, in cash, the reduced appraised value of the property. Falling prices of commercial real estate combined with reduced cash flow from a recession is a double whammy that can result in millions of dollars needing to be coughed up just to hang onto an asset that is falling in value. This is why most owners of commercial real estate give the keys back to the lender in a market like we have now. Morality back in: if the game is non-recourse, is the owner the problem or the lenders the problem? As long as my tax dollars are not used to prop up the lenders,I say let them eat it.They knew the rules when they made the loan.

[investor]

[quote=Bubblesitter]NewtoSanDiego,

Based on your previous posts, I suspect you may actually be the one “degrading” the luxury brand image. 🙂

I suspect that there is a relatively high percentage of people in the SoCal area that really can’t afford their car. Perhaps it is their ego, or a sense of entitlement. I suspect that many are ones that lived large during the bubble and are now trying to avoid the repo man. Alot of people are fully bought into the car culture saying “you are what you drive” and wouldn’t be caught dead in a “practical” car.

Bubblesitter[/quote] I agree with the last part of your blog. I suspect its people who were over their head on the home, foreclosed and don’t want to give up the lease/ownership of the car. By the way, buying a 2-3 year old benz can save up to 65% of the original cost. Great way to save a bundle and still look good around town.

[investor]

[quote=Bubblesitter]NewtoSanDiego,

Based on your previous posts, I suspect you may actually be the one “degrading” the luxury brand image. 🙂

I suspect that there is a relatively high percentage of people in the SoCal area that really can’t afford their car. Perhaps it is their ego, or a sense of entitlement. I suspect that many are ones that lived large during the bubble and are now trying to avoid the repo man. Alot of people are fully bought into the car culture saying “you are what you drive” and wouldn’t be caught dead in a “practical” car.

Bubblesitter[/quote] I agree with the last part of your blog. I suspect its people who were over their head on the home, foreclosed and don’t want to give up the lease/ownership of the car. By the way, buying a 2-3 year old benz can save up to 65% of the original cost. Great way to save a bundle and still look good around town.

[investor]

[quote=Bubblesitter]NewtoSanDiego,

Based on your previous posts, I suspect you may actually be the one “degrading” the luxury brand image. 🙂

I suspect that there is a relatively high percentage of people in the SoCal area that really can’t afford their car. Perhaps it is their ego, or a sense of entitlement. I suspect that many are ones that lived large during the bubble and are now trying to avoid the repo man. Alot of people are fully bought into the car culture saying “you are what you drive” and wouldn’t be caught dead in a “practical” car.

Bubblesitter[/quote] I agree with the last part of your blog. I suspect its people who were over their head on the home, foreclosed and don’t want to give up the lease/ownership of the car. By the way, buying a 2-3 year old benz can save up to 65% of the original cost. Great way to save a bundle and still look good around town.

[investor]

[quote=Bubblesitter]NewtoSanDiego,

Based on your previous posts, I suspect you may actually be the one “degrading” the luxury brand image. 🙂

I suspect that there is a relatively high percentage of people in the SoCal area that really can’t afford their car. Perhaps it is their ego, or a sense of entitlement. I suspect that many are ones that lived large during the bubble and are now trying to avoid the repo man. Alot of people are fully bought into the car culture saying “you are what you drive” and wouldn’t be caught dead in a “practical” car.

Bubblesitter[/quote] I agree with the last part of your blog. I suspect its people who were over their head on the home, foreclosed and don’t want to give up the lease/ownership of the car. By the way, buying a 2-3 year old benz can save up to 65% of the original cost. Great way to save a bundle and still look good around town.

[investor]

[quote=Bubblesitter]NewtoSanDiego,

Based on your previous posts, I suspect you may actually be the one “degrading” the luxury brand image. 🙂

I suspect that there is a relatively high percentage of people in the SoCal area that really can’t afford their car. Perhaps it is their ego, or a sense of entitlement. I suspect that many are ones that lived large during the bubble and are now trying to avoid the repo man. Alot of people are fully bought into the car culture saying “you are what you drive” and wouldn’t be caught dead in a “practical” car.

Bubblesitter[/quote] I agree with the last part of your blog. I suspect its people who were over their head on the home, foreclosed and don’t want to give up the lease/ownership of the car. By the way, buying a 2-3 year old benz can save up to 65% of the original cost. Great way to save a bundle and still look good around town.

[investor]

smshorttimer:Well, once the pending foreclosures hit the market….

[investor]

smshorttimer:Well, once the pending foreclosures hit the market….

[investor]

smshorttimer:Well, once the pending foreclosures hit the market….

[investor]

smshorttimer:Well, once the pending foreclosures hit the market….

[investor]

smshorttimer:Well, once the pending foreclosures hit the market….

[Author]

Posts