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Well, this may answer some of the questions we have had for a couple of developments.
Interesting quote:
"The financing environment right now is pretty hostile"
Considering how the rest of the nation is doing, I wouldn't be a bit surprised if outside lenders were just as jittery of our local economy.
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Sonoma and other projects in question....
Credit Crunch Causing Condos Constuction Chaos
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TheNiche 
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Posted Sunday, August 17, 2008 at 5:27 PM
ricco67, on Sunday, August 17th, 2008 @ 5:18pm, said:
Well, this may answer some of the questions we have had for a couple of developments.
Interesting quote:
"The financing environment right now is pretty hostile"
Considering how the rest of the nation is doing, I wouldn't be a bit surprised if outside lenders were just as jittery of our local economy.
Interesting quote:
"The financing environment right now is pretty hostile"
Considering how the rest of the nation is doing, I wouldn't be a bit surprised if outside lenders were just as jittery of our local economy.
There was an article in the Austin Business Journal not long ago that said that commercial real estate sales volumes were down by about 86-ish percent over the last year. Houston was down by 56-ish percent, and was one of the best performers in the nation. And its not for lack of interest on the part of buyers or sellers. It's all about the availability of credit.
Brokers are really feeling the hurt, and there's practically no activity whatsoever in a place like South Florida.
Put me down! The handcrab commands it.
#4
musicman
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Posted Sunday, August 17, 2008 at 9:18 PM
ricco67, on Sunday, August 17th, 2008 @ 5:18pm, said:
Well, this may answer some of the questions we have had for a couple of developments.
wasn't this already posted here?
The government is like a baby's alimentary canal, with a happy appetite at one end and no responsibility at the other. -- Ronald Reagan
I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle. -- Winston Churchill
Willomena Slater goin ghetto on Betty Suarez..."come on girl, i'm black and you're mexican. let's not talk around it like a couple of dull white people"
I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle. -- Winston Churchill
Willomena Slater goin ghetto on Betty Suarez..."come on girl, i'm black and you're mexican. let's not talk around it like a couple of dull white people"
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