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


To: ChanceIs who wrote (181097)2/1/2009 5:10:31 PM
From: MulhollandDriveRead Replies (1) | Respond to of 306849
 
superb visual analysis of where all the money went and why the bailouts will fail:

guardian.co.uk



To: ChanceIs who wrote (181097)2/1/2009 10:43:35 PM
From: StoctrashRespond to of 306849
 
Chancels,
WNY players in CRE there say it is holding up?
I've been telling them it has a another leg down to go 2009/10.
I'll make sure to forward that article as there is a ton of office space, strip mall and many houses "for rent" in the burbs.
Nothing like the bubble states but no boom that's for sure.

No boom - no bust has been the motto, but that doesn't rule out a slow melt just like the last 40 years there.



To: ChanceIs who wrote (181097)2/2/2009 12:11:44 AM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
According to this, by spending approx 17.5 million you can have the premier hotel in upstate new york,with 485 rooms? Thats incredible. 17.5 million is a friggin' HOUSE in SF.

Buffalo’s Adam’s Mark Hotel has been sold for $7.5 million,

Patel said Visions now plans to spend $10 million to $12 million over the next 18 months to convert the Adam’s Mark into a Crowne Plaza, and “make it the premier hotel in upstate New York.”