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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: renovator who wrote (57629)	7/12/2006 10:54:37 PM
From: mishedlo	Respond to of 306849

I believe that Veemac can prove otherwise. That is my BELIEF. I can actually see if he is willing to take these kinds of calls from you and Elroy, since both of you are far better equipped to ask better questions than I did. I know nothing about construction. My experiences at banks are counter to what Elroy suggests (FOR ME) even though I think he is 100% correct on average. I had immense leverage for a "lowly programmer" I spoke my mind freely and at the very very highest levels. It was NOT the norm by any means. Mish

To: renovator who wrote (57629)	7/13/2006 4:03:23 AM
From: Elroy Jetson	Respond to of 306849

Veemac's contractor's license is suspended due to the lack of a bond - well that's fun info. Good on you for looking it up. You're right about everyone in the business knowing each other and whats going on. That's what I've always liked about it, everyone is so friendly. If this had happened in Southern California, I'd already know what happened. You're never more than a couple of emails, or something like a Residential Purchasing Council luncheon, from having the inside scoop on most anything going on in the real estate development business. Your comments about advance payments ring true for a scale-up like this. I smell fraud. If it weren't, Lennar would have worked it out rather than play kill the vendor as they have. .