Buy my building and rent to me cheap bus. model
Started by Riversider
over 15 years ago
Posts: 13572
Member since: Apr 2009
Discussion about
http://www.housingwatch.com/2010/05/14/residents-of-nyc-rental-complex-attempt-to-buy-their-buildings/ The middle-class tenants of Stuyvesant Town and Peter Cooper Village in New York City are trying once again to take ownership of their apartment complex. And they are asking for help from an institutional investor that once bet against them.
Make fun of it if you will, but it is a business model used on ther commercial side all the time, where coorporate property owners sell their HQ building to a buyer and at the same time sign a below-market lease to rent the space they already occupy.
Usually this lease is for 15 or 20 years or some other long term period, and it is always signed at below market rates.
It is usu considered a win-win for all parties. Why should the tenatnts at StyTown follow suit? It would be a good deal for the pension fund and good for the tenants.
sorry I meant, why SHOULDN'T the tenants at StyTown do the same. Makes sense to me.
Riversider. Fu, mr . Fu from shanghai.
You wanna talk about bowls of crazy? How about Goldman getting $mms to stay in NYC with our taxes? Yeah as long as it's men in suits, just drop your pants and bend over riversider.
And you understand every person in america who asks for a loan, including yourself you ss check cashing fiend, itz the same thing azz
rs, i think you have the model wrong. just saying.