So there are tons of condo projects in Miami where would-be-buyers have no shot at getting a loan - since the lenders have blacklisted the entire project.
Wow.
But hey, would you lend money to someone who wanted to buy a $500,000 1-bedroom condo in Miami right now? HELL NO! Maybe $50,000, but that's about it.
This one's too funny. Too bad it's a bit too late though. Hell, we knew these Towers of Fraud were doomed for years. Nice to see the f*cked lenders finally get the news.
I'll throw a few projects out for Phoenix, where if you buy today you'll lose 50% or more of your "investment" before all is said and done, in case Countrywide and friends are reading. Feel free to add your city here:
1) The Vale
2) The Duke
3) Elevation Chandler
4) Orpheum Lofts
5) Artisan Lofts
6) Third Avenue Lofts
7) Orpheum Lofts
8) Scottsdale Waterfront
9) Optima Biltmore
10) Optima Camelview
11) Valley Ho
12) X10 Wine Lofts
13) Residences on Main
14) Northshore
15) Main Street Plaza
16) Aw, screw it, I could go on and on, but save time and blacklist the entire state of Arizona
Showing posts with label phoenix condo crash. Show all posts
Showing posts with label phoenix condo crash. Show all posts
February 14, 2008
Have you heard about the super-secret Miami condo blacklist? Let's help the f*cked lenders compile a condo blacklist for EVERY city
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2/14/2008
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Labels: blacklist, dorm rooms shouldn't be $1 million, miami condo crash, overpriced apartments, phoenix condo crash
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