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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (42229)	11/3/2008 6:06:04 PM
From: Elroy Jetson	Respond to of 218926

Well, there's still a building boom going on in Los Angeles as well. But that's not a sign of prosperity. Once each project is completed, or the bank forecloses, the projects are being offered for sale in-toto for a substantial discount to their cost of construction. They don't even try to sell each condo, or rent the apartments, or retail spaces in these projects. The owners now assume they can't make it work with their costs in the current market and don't even bother. During the last downturn which began in 1986-1990, banks shut-off construction loans. This time they haven't. It's senseless. .