[patb]

good they can mess up china

[patb]

[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.

[patb]

[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.

[patb]

[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.

[patb]

[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.

[patb]

[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.

[patb]

[quote=jameswenn]I’m not a condo guy, so does this mean alot of those downtown buildings will be turned into apartments?[/quote]

except rents aredeclining, so they are hard to finance as commercial too.

A unit with 90% apartments and 3 sold units becomes a nightmare to
finance as apartments either.

[patb]

[quote=jameswenn]I’m not a condo guy, so does this mean alot of those downtown buildings will be turned into apartments?[/quote]

except rents aredeclining, so they are hard to finance as commercial too.

A unit with 90% apartments and 3 sold units becomes a nightmare to
finance as apartments either.

[patb]

[quote=jameswenn]I’m not a condo guy, so does this mean alot of those downtown buildings will be turned into apartments?[/quote]

except rents aredeclining, so they are hard to finance as commercial too.

A unit with 90% apartments and 3 sold units becomes a nightmare to
finance as apartments either.

[patb]

[quote=jameswenn]I’m not a condo guy, so does this mean alot of those downtown buildings will be turned into apartments?[/quote]

except rents aredeclining, so they are hard to finance as commercial too.

A unit with 90% apartments and 3 sold units becomes a nightmare to
finance as apartments either.

[patb]

[quote=jameswenn]I’m not a condo guy, so does this mean alot of those downtown buildings will be turned into apartments?[/quote]

except rents aredeclining, so they are hard to finance as commercial too.

A unit with 90% apartments and 3 sold units becomes a nightmare to
finance as apartments either.

[patb]

[quote=Allan from Fallbrook][quote=Zeitgeist]I think they are mostly identical: both being the party of the corporation and not the party of the people who they represent. What say you, Arraya?[/quote]

Zeit: Arraya’s right and its easy enough to prove. Take a hard look at Pelosi, the Dem’s crusading avenger against corruption and influence peddling. Remember her declaiming about “draining the swamp” and ushering in a new era of honesty and accountability following the Tom DeLay and Abramoff fiascos?

Now we have Charlie Rangel and nary a peep from Nancy. No calls for him to step down or step aside. It appears honesty and transparency and accountability only count when it comes to the other party, right, Brian?

“Meet the new boss, same as the old boss”.[/quote]

jefferson was kicked from all his committees.

Rangel will probably lose his chair or step down, but, right now he’s bad
at taxes, bad at paperwork and strongarms for the rangel center of public policy.

Far Different then Tom Delay promoting Sex Slavery.

[patb]

[quote=Allan from Fallbrook][quote=Zeitgeist]I think they are mostly identical: both being the party of the corporation and not the party of the people who they represent. What say you, Arraya?[/quote]

Zeit: Arraya’s right and its easy enough to prove. Take a hard look at Pelosi, the Dem’s crusading avenger against corruption and influence peddling. Remember her declaiming about “draining the swamp” and ushering in a new era of honesty and accountability following the Tom DeLay and Abramoff fiascos?

Now we have Charlie Rangel and nary a peep from Nancy. No calls for him to step down or step aside. It appears honesty and transparency and accountability only count when it comes to the other party, right, Brian?

“Meet the new boss, same as the old boss”.[/quote]

jefferson was kicked from all his committees.

Rangel will probably lose his chair or step down, but, right now he’s bad
at taxes, bad at paperwork and strongarms for the rangel center of public policy.

Far Different then Tom Delay promoting Sex Slavery.

[patb]

[quote=Allan from Fallbrook][quote=Zeitgeist]I think they are mostly identical: both being the party of the corporation and not the party of the people who they represent. What say you, Arraya?[/quote]

Zeit: Arraya’s right and its easy enough to prove. Take a hard look at Pelosi, the Dem’s crusading avenger against corruption and influence peddling. Remember her declaiming about “draining the swamp” and ushering in a new era of honesty and accountability following the Tom DeLay and Abramoff fiascos?

Now we have Charlie Rangel and nary a peep from Nancy. No calls for him to step down or step aside. It appears honesty and transparency and accountability only count when it comes to the other party, right, Brian?

“Meet the new boss, same as the old boss”.[/quote]

jefferson was kicked from all his committees.

Rangel will probably lose his chair or step down, but, right now he’s bad
at taxes, bad at paperwork and strongarms for the rangel center of public policy.

Far Different then Tom Delay promoting Sex Slavery.

[patb]

[quote=Allan from Fallbrook][quote=Zeitgeist]I think they are mostly identical: both being the party of the corporation and not the party of the people who they represent. What say you, Arraya?[/quote]

Zeit: Arraya’s right and its easy enough to prove. Take a hard look at Pelosi, the Dem’s crusading avenger against corruption and influence peddling. Remember her declaiming about “draining the swamp” and ushering in a new era of honesty and accountability following the Tom DeLay and Abramoff fiascos?

Now we have Charlie Rangel and nary a peep from Nancy. No calls for him to step down or step aside. It appears honesty and transparency and accountability only count when it comes to the other party, right, Brian?

“Meet the new boss, same as the old boss”.[/quote]

jefferson was kicked from all his committees.

Rangel will probably lose his chair or step down, but, right now he’s bad
at taxes, bad at paperwork and strongarms for the rangel center of public policy.

Far Different then Tom Delay promoting Sex Slavery.

[Author]

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