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PadreBrian
ParticipantI just drove by this site last night. The lot is huge, and I can see where they were going to build 1500 condos. The 250 unit buildings they are finishing takes up about a 1/4 or it. It’s not the 250 units in mothballs that’s going to kill them, it’s the land.
ParticipantI just drove by this site last night. The lot is huge, and I can see where they were going to build 1500 condos. The 250 unit buildings they are finishing takes up about a 1/4 or it. It’s not the 250 units in mothballs that’s going to kill them, it’s the land.
ParticipantIt’s deeper than that. It’s better to keep the condos on the books than sell them. If they sell, they loose that over-valued loan, that they are under-water on.
For Example: Builder takes a loan out to start an oc condo project in 1995. Huge dollars. Let’s say 200 Million. Easy loan back then. Builder makes monthly payments till project is finish and sold at which time he pays off loan. lol, Market crash. If he sales condos now he’ll only make 100 million, tops. He still owes the bank 100 million. lol.
They are going to go bankrupt no matter what. They are crossing their fingers and holding on for dear life. The housing market wont pick up next week, nor next month, nor next year, or even the year after that.
ParticipantIt’s deeper than that. It’s better to keep the condos on the books than sell them. If they sell, they loose that over-valued loan, that they are under-water on.
For Example: Builder takes a loan out to start an oc condo project in 1995. Huge dollars. Let’s say 200 Million. Easy loan back then. Builder makes monthly payments till project is finish and sold at which time he pays off loan. lol, Market crash. If he sales condos now he’ll only make 100 million, tops. He still owes the bank 100 million. lol.
They are going to go bankrupt no matter what. They are crossing their fingers and holding on for dear life. The housing market wont pick up next week, nor next month, nor next year, or even the year after that.
ParticipantIt’s deeper than that. It’s better to keep the condos on the books than sell them. If they sell, they loose that over-valued loan, that they are under-water on.
For Example: Builder takes a loan out to start an oc condo project in 1995. Huge dollars. Let’s say 200 Million. Easy loan back then. Builder makes monthly payments till project is finish and sold at which time he pays off loan. lol, Market crash. If he sales condos now he’ll only make 100 million, tops. He still owes the bank 100 million. lol.
They are going to go bankrupt no matter what. They are crossing their fingers and holding on for dear life. The housing market wont pick up next week, nor next month, nor next year, or even the year after that.
ParticipantIt’s deeper than that. It’s better to keep the condos on the books than sell them. If they sell, they loose that over-valued loan, that they are under-water on.
For Example: Builder takes a loan out to start an oc condo project in 1995. Huge dollars. Let’s say 200 Million. Easy loan back then. Builder makes monthly payments till project is finish and sold at which time he pays off loan. lol, Market crash. If he sales condos now he’ll only make 100 million, tops. He still owes the bank 100 million. lol.
They are going to go bankrupt no matter what. They are crossing their fingers and holding on for dear life. The housing market wont pick up next week, nor next month, nor next year, or even the year after that.
ParticipantIt’s deeper than that. It’s better to keep the condos on the books than sell them. If they sell, they loose that over-valued loan, that they are under-water on.
For Example: Builder takes a loan out to start an oc condo project in 1995. Huge dollars. Let’s say 200 Million. Easy loan back then. Builder makes monthly payments till project is finish and sold at which time he pays off loan. lol, Market crash. If he sales condos now he’ll only make 100 million, tops. He still owes the bank 100 million. lol.
They are going to go bankrupt no matter what. They are crossing their fingers and holding on for dear life. The housing market wont pick up next week, nor next month, nor next year, or even the year after that.
ParticipantA 2001 price.
ParticipantA 2001 price.
ParticipantA 2001 price.
ParticipantA 2001 price.
ParticipantA 2001 price.
ParticipantWhat’s the best way to transfer stock out of e-trade without selling? Maybe ameritrade, let’s say?
ParticipantWhat’s the best way to transfer stock out of e-trade without selling? Maybe ameritrade, let’s say?
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