Wednesday, November 14, 2012
Oh hey, that's reassuring. What happened in 2006? Not that it matters for somebody who has invested $1.5 billion in residential housing this year. What part of 800 lb gorilla are the regulators not seeing? They aren't paying retail. They aren't going through the MLS. They aren't providing the banks best value.
Now think of the consequences. What would happen to automobile leasing prices if you couldn't buy a car anymore? This is scary stuff. And wait until Blackstone "negotiates" with municipalities for lower taxes and the like.