Quote:
Originally Posted by dalakhani
You can't get condo financing in Nevada, Arizona, Florida and parts of california with Fannie Mae unless you have at least 20% down as an owner occupant and over 25% as an investor...if the condo is warrantable. Those condos aren't warrantable because of lack of presale and/or investor concentration. FHA is going to be the same problem. Considering those two entities make up over 90% of all loans closed and no bank is going to portfolio a loan for a vegas casino without 50% skin in the game, the fact that the project is doing the financing is to be expected. That will change as the market stabilizes.
Are you really going to compare gaming stock prices in 2003 to 2010 and blame it on city center? Come on Chuck.
They aren't far from profitablity. I can't help that you can't understand that.
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Maybe they can do a package deal with free skiing at the Xandu at the Meadowlands.. They shout get Dubai to buy that Turkey also they needs some quality in the portfolio