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SanDiegoDave
ParticipantThat thing should never have been approved in the first place. Leave the wealthy drug addicts up in Hollywood, Malibu, or way out in the desert.
If I were the bank, first I would fire someone (or ten people) who were responsible for approving the financing at the peak. Then look to tear it down, get the land re-parceled as individual lots, then find a builder to buy them – even if it means sitting on them for a while. Under no circumstances would I put all the furnishings back in and try to sell it as a single property again.
ParticipantThat thing should never have been approved in the first place. Leave the wealthy drug addicts up in Hollywood, Malibu, or way out in the desert.
If I were the bank, first I would fire someone (or ten people) who were responsible for approving the financing at the peak. Then look to tear it down, get the land re-parceled as individual lots, then find a builder to buy them – even if it means sitting on them for a while. Under no circumstances would I put all the furnishings back in and try to sell it as a single property again.
ParticipantThat thing should never have been approved in the first place. Leave the wealthy drug addicts up in Hollywood, Malibu, or way out in the desert.
If I were the bank, first I would fire someone (or ten people) who were responsible for approving the financing at the peak. Then look to tear it down, get the land re-parceled as individual lots, then find a builder to buy them – even if it means sitting on them for a while. Under no circumstances would I put all the furnishings back in and try to sell it as a single property again.
ParticipantThat thing should never have been approved in the first place. Leave the wealthy drug addicts up in Hollywood, Malibu, or way out in the desert.
If I were the bank, first I would fire someone (or ten people) who were responsible for approving the financing at the peak. Then look to tear it down, get the land re-parceled as individual lots, then find a builder to buy them – even if it means sitting on them for a while. Under no circumstances would I put all the furnishings back in and try to sell it as a single property again.
ParticipantAll the short sales and foreclosures are taking months to get a response from the banks. And I’d be weary of the financial health of the HOA’s on those lower priced condo conversions.
The only real way to make money on a condo rental in UTC right now is to buy a more expensive one, pay with all cash (or at least 50% down), and make sure it’s nicer than the next place that’s asking the same rental price.
ParticipantAll the short sales and foreclosures are taking months to get a response from the banks. And I’d be weary of the financial health of the HOA’s on those lower priced condo conversions.
The only real way to make money on a condo rental in UTC right now is to buy a more expensive one, pay with all cash (or at least 50% down), and make sure it’s nicer than the next place that’s asking the same rental price.
ParticipantAll the short sales and foreclosures are taking months to get a response from the banks. And I’d be weary of the financial health of the HOA’s on those lower priced condo conversions.
The only real way to make money on a condo rental in UTC right now is to buy a more expensive one, pay with all cash (or at least 50% down), and make sure it’s nicer than the next place that’s asking the same rental price.
ParticipantAll the short sales and foreclosures are taking months to get a response from the banks. And I’d be weary of the financial health of the HOA’s on those lower priced condo conversions.
The only real way to make money on a condo rental in UTC right now is to buy a more expensive one, pay with all cash (or at least 50% down), and make sure it’s nicer than the next place that’s asking the same rental price.
ParticipantAll the short sales and foreclosures are taking months to get a response from the banks. And I’d be weary of the financial health of the HOA’s on those lower priced condo conversions.
The only real way to make money on a condo rental in UTC right now is to buy a more expensive one, pay with all cash (or at least 50% down), and make sure it’s nicer than the next place that’s asking the same rental price.
ParticipantThey need to go back to the old way of making cars (from the 1970’s-80s era) when the cars would be completely rusted out, falling apart, junkers after only about five years of daily use. The car companies buried themselves by making the cars too well. Now everybody can just hold on to the vehicle they have during the economic downturn. Pump $50-$300/year or so into it for repairs and you’re set.
ParticipantThey need to go back to the old way of making cars (from the 1970’s-80s era) when the cars would be completely rusted out, falling apart, junkers after only about five years of daily use. The car companies buried themselves by making the cars too well. Now everybody can just hold on to the vehicle they have during the economic downturn. Pump $50-$300/year or so into it for repairs and you’re set.
ParticipantThey need to go back to the old way of making cars (from the 1970’s-80s era) when the cars would be completely rusted out, falling apart, junkers after only about five years of daily use. The car companies buried themselves by making the cars too well. Now everybody can just hold on to the vehicle they have during the economic downturn. Pump $50-$300/year or so into it for repairs and you’re set.
ParticipantThey need to go back to the old way of making cars (from the 1970’s-80s era) when the cars would be completely rusted out, falling apart, junkers after only about five years of daily use. The car companies buried themselves by making the cars too well. Now everybody can just hold on to the vehicle they have during the economic downturn. Pump $50-$300/year or so into it for repairs and you’re set.
ParticipantThey need to go back to the old way of making cars (from the 1970’s-80s era) when the cars would be completely rusted out, falling apart, junkers after only about five years of daily use. The car companies buried themselves by making the cars too well. Now everybody can just hold on to the vehicle they have during the economic downturn. Pump $50-$300/year or so into it for repairs and you’re set.
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