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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (37047)	7/28/2005 4:18:26 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

Oregonian on Portland condo flipping and overdevelopment, Look how tiny the deposits are on these puppies. Would be the developers who will eat it big time if they walk away. Takes a vivid imagination to call that a "sale", as prices turn down or even go flat. The point (September) that these go binding will be the key to watch for. Inquiring minds want to know? oregonlive.com John Ross buyers plunked down refundable deposits of $5,000 to reserve units priced less than $300,000 or $10,000 for more expensive units. Developers plan to ink binding contracts with the buyers beginning in September, requiring a nonrefundable 5 percent payment as earnest money.