Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: loantech who wrote (47234)	12/13/2005 9:40:49 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

Something doesn't compute, and I'm following just to learn the BS of this trade. "Pending" agreement, as defined by Webster's means "awaiting decision", in other words six weeks after the lottery, the "winners" are still dinking around. Then they say 52 are under contract, and 46 are pending, and that leaves 22 in a 136 units building. The way I was old school educated, 52+ 46=98, and 136- 98= 38, not 22. That's the way it was when I went into their office, with real questions last Sept too. I can only imagine how the guillible are dealt with. The process resulted in 52 fully executed sales agreements and 46 pending agreements. This means that 22 units remain available in The Metropolitan. We are taking a more traditional approach as we sell the last of these luxury residences and innovative live/work units.