i've been hearing a bit about real estate Ponzi schemes lately (sort of related to the subprime mortgage dealios) and how landowners a few years back when the real estate market was huge bought up a bunch of properties and now as the market's taking a piss, the landlords are defaulting and their loans are being bought up by other investors and tenants are being evicted...
Comments
um. What?
Posted by: jed | January 13, 2008 06:56 PM
I don't get it.
Posted by: Nathan | January 15, 2008 09:56 PM
I don't get it.
Posted by: Nathan | January 15, 2008 10:16 PM
get it now?
Posted by: zra. | January 17, 2008 10:39 PM
No.
Posted by: Barrett | January 17, 2008 10:45 PM
A joke for investment bankers?
Posted by: Beverly | January 17, 2008 11:06 PM
okay, okay...
i've been hearing a bit about real estate Ponzi schemes lately (sort of related to the subprime mortgage dealios) and how landowners a few years back when the real estate market was huge bought up a bunch of properties and now as the market's taking a piss, the landlords are defaulting and their loans are being bought up by other investors and tenants are being evicted...
Jim Hightower was talking a little about it, too.
Ponzi Scheme...Fonzie Scheme?
Oh well.
Posted by: zra. | January 18, 2008 06:15 AM