Developing Affordable Housing Ecosystems World Wide
Pay your loans or I’ll foreclose, threatens the lender, believing that to be an effective threat.
Or is it?
As illustrated a The New York Times article from a couple of months, there’s a huge difference between property, loans, and assets:
When the New York developer Harry B. Macklowe acquired the Drake Hotel almost three years ago [...]
“He was always just a couple jumps ahead of the law, but when the cops sometimes caught up with him, he always managed to blame it on some other guy.”
– Ross Thomas, Chinaman’s Chance, page 58
Are developers more credulous than other people?
Ross Thomas: “They never took nobody who didn’t deserve it”
Ever since the bizarre [...]
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