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  • Coming Soon: The Zombie Condos That Ate New York [View article]
    A developer in Florida wants told me that they build condos as long as they can get money to do so. In other words, marketing research is not a thing the industry do. If it is determined that 100 units are needed five developers will each build 100 units. What is going on in the real estate market is not very different than what has happened several times in the past fifty years. Unfortunately, the media, Administration and Congress are panicking (it was a presidential election year and the panic paid off) are recklessly throwing tax payer money at a problem that would have solved itself.

    Assets have a tendency to revert to it real owners which are the lenders to day and they don't want them. Too bad. Eat the mistakes you made because of your greedy stupidity.
    Nov 09 14:28 pm |Rating: 0 0 |Link to Comment
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