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FD-Condo-Hotel-South-Beach
2 Comments
How Bad Is the Dollar's Fall? [view article]
I think that you cannot ignore the political side of this. The current administration is one of the major cause for the weak dollar.Off the book funding for Irak, huge deficit are for me major causes.
But I think that as soon as we get a new President, people will start having hope again. Every new president worldwide brings with him a wave of hope. It can be possible that this wave of hope will restart the economy and restart the US$.
Just my opinion.
FD @ condhotel.com Mar 24 04:17 PM
Banks Denying Approval on Most Miami Condo Mortgages [view article]
Excellent article.However I do have a question: don't you think that the banks who lend loans to developers to help them build will find a solution to finance the potential buyers. Yes the prices will have to go down, but at one point the bank will have to find a solution to get out of these condominiums. So they will have to finance.
I do not give that much credit to the banks (pun intended). They were lending money to everybody with no signs of discernement, being one of the major culprits in this crisis. And now they are acting again in a crazy manner.
But they will have to come down to reality and finance those who can pay them back.
Best regards.
Franck Dossa @ Condo Hotel South Beach Mar 24 04:05 PM