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"Brouhaha at the Brompton", Rushmore listen up

Started by bds
over 17 years ago
Posts: 187
Member since: Jan 2009
Discussion about
Wow, the article in the Real Estate section of the Times today is really interesting. On the second page. There is momentum in the city for these developers to hear the beating of the drums. Those of us in contract for these predevelopments in 2007 are "mad and are not going to take it anymore"
Response by Riversider
over 17 years ago
Posts: 13573
Member since: Apr 2009

Nobody complains when the offering price goes up. What ever happened to looking at comps, rent versus buy analysis, asking for a mortgage contingency clause, etc

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Response by columbiacounty
over 17 years ago
Posts: 12708
Member since: Jan 2009

guess we read different articles. here's the one i read:

http://www.nytimes.com/2009/05/03/realestate/03deal2.html?_r=1&ref=realestate

not sure where you pulled your quote from, but clearly not from this article.

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Response by Riversider
over 17 years ago
Posts: 13573
Member since: Apr 2009

Agreeing to a bad deal is not grounds for voiding a contract. The fact they are looking for legislative remedy speaks volumes.

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Response by columbiacounty
over 17 years ago
Posts: 12708
Member since: Jan 2009

but...they're mad and are not going to take it anymore. perhaps a boycott at papaya king would be a good starting point.

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Response by streetview
over 17 years ago
Posts: 331
Member since: Apr 2008

The unfortunate buyers do not have much leg to stand on. Looks like the lawyer, Bailey, will do well receiving fees. What a shame...

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Response by patient09
over 17 years ago
Posts: 1571
Member since: Nov 2008

thank God, at least some lawyers can get paid!

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