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

To: patron_anejo_por_favor who wrote (95781)	7/21/2008 9:02:52 PM
From: Box-By-The-Riviera™	Respond to of 110194

they should talk to my company: REnt-A-LedgE. we can help. even with toss ups.

To: patron_anejo_por_favor who wrote (95781)	7/21/2008 9:03:51 PM
From: TH	Respond to of 110194

patron, I do not doubt your abilities of prognostication. Your track record is impressive. Very impressive. Thus I believe that the targets you provided to me for those high-end units will be met in time. Patience is absolutely paramount in this decision, and I'm prepared to wait until the fallout has come to pass and even pay a bit more than I could have had the exact bottom been picked. There will be plenty of time. BTW, those units I track for Ryland in Vegas got another 15% haircut two weeks ago. Of course I do not know if they have reduced the build quality/fixtures, but the asking price is now down another 15%. On a positive note, it appears that Ryland is NOT building any specs, so the inventory of <ready> homes appears to be much, much lower than it was six months ago. GT TH

To: patron_anejo_por_favor who wrote (95781)	7/21/2008 9:28:26 PM
From: John Vosilla	Respond to of 110194

'But in some highrises that got completed after the bubble burst it's a biiiiiiiggg problem. In other parts of the country as well' It is HUGE in condo type developments built or converted in 2005-06. Many associations with a high percentage of nonpayers will go under.. It will be impossible to get any kind of traditional financing for years pushing prices down even further. In SW Houston some nice new condo developments never recoverd and became ghettos from the 80's bust. I think $60k condos sold for under $10k by 1990 and remained that way until the past few years.. Doubt the high end stuff goes ghetto on Las Vegas Blvd though<g>