Category: Condos

Month in Review: September 2009, Part 2

13 November, 2009 (11:43) | Capital markets, Condos, Month in review, Speculation, Subprime, TARP | No comments

[Continued from yesterday’s Part 1.]

[Previous Months In Review here: Aug 09, Jul 09, Jun 09, May 09, Apl 09, Mar 09, Feb 09, Jan 09]

 
By: David A. Smith
 
Continuing our review of September’s posts, technology changes interpersonal dynamics and in so doing reveals aspects of human nature, in particular that what matters in crime prevention is [...]

Month in Review: September 2009, Part 1

12 November, 2009 (12:56) | Capital markets, Condos, Month in review, Speculation, Subprime, TARP | No comments

[Previous Months In Review here: Aug 09, Jul 09, Jun 09, May 09, Apl 09, Mar 09, Feb 09, Jan 09]

 
By: David A. Smith
 
During September, I published a two-part post so depressing and sober it had taken me a year to take it out of inventory, about Winston Smith’s nightmare: The ultimate future city: [...]

The rules say I can change the rules, including this rule

5 October, 2009 (12:52) | Condos, Humor, Law, Markets, US News | No comments

By: David A. Smith

 

 
[Waves to Harvey and smiles]
“No, no, not yet. Not until me and Harvey get the rules straightened out.”“Rules!?!? In a knife fight!?!? No rules.”
Butch Cassidy and Harvey Logan
 
Abject desperation yields a creativity verging on the laughable, as illustrated by this recent Wall Street Journal about residents whose developer has what can only [...]

You can check out any time you like

2 September, 2009 (13:24) | Condos, Disclosure, Hotels, Securities, Trump | No comments

When you buy a slice of a property, is it real estate or is it a financial security? 
 

Bring your alibis
 
Resolving such legal-metaphysical questions controls what recourse a buyer may have against a seller, and when the disputes involve thousands of buyers, the outcome can run to centimillions if not billions of dollars, as illustrated [...]

I was dumb so give me my money back

10 April, 2009 (09:44) | Condos, Legal, New York City, US News | 1 comment

“I was dumb, so give me my money back.”
 
Okay, there’s more to these condo-buyers’ claims than simply that … but not much more. 
 

 
Insolvency being the mother of creative litigating, as shown in this New York Times article, numerous buyers’ attorneys (who, one presumes, are not being paid contingently) have been concocting interesting theories to [...]