Author Archives: admin

Senior Creditors Foreclosing at a Loss, If it Can Happen at Stuy Town…

Updated: 10/5/10 Correction: Unit quantity and cost per unit adjusted. Latest news: Junior Debt Holder May Get Reprieve Today, a New York State lower court judge lifted an injunction on a foreclosure sale requested by a junior creditor on Stuyvesant … Continue reading

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Must Ask Questions for Real Estate Investors

I noticed that a few people were landing on this website based on some variation of the following search: “What questions should I ask when investing in a real estate project?” Here is the brief answer: Can your team successfully … Continue reading

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Betting on Another Housing Downturn

This is the calm before the storm of the next housing crash. As the pendulum continues its down swing, expect more fallout across a broader number of housing markets. For the enterprising investor, the upcoming “double dip” presents an unprecedented … Continue reading

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Internet Destroying Office Property Demand

The IBM office park built in Westchester, NY during the 1980s is nearly empty. The team members from one particular IBM work group have never even met before… at least in person. Online, they meet everyday. This isn’t some idealistic … Continue reading

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Bookies, Banks and Fiduciaries

A bookie is an arbitrager. He has no skin in the game; rather, he uses odds (the parallel in finance would be interest rates) to earn money on each bet that is placed (each financial transaction). The odds are always … Continue reading

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How to Consummate A Distressed Property Deal

A worthy anecdote from the front lines of distressed real estate deal making by Joshua Kahr at Kahr Real Estate. He discusses the importance of relationships and deal structure in a successful transaction: [...] if a deal could be structured … Continue reading

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The Best Allocator of Capital

Advice to President Obama: .”..we’re going to unclog the arteries. My banking experts have analyzed each of your balance sheets. You will tell us if we’re right. Those of you who are insolvent, we will nationalize and shut down. We … Continue reading

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5 Steps to Put America to Work

Public works projects are well intentioned and should certainly be pursued where appropriate; however, government has largely proven to be an inefficient allocator of capital. The single greatest tool the government has is the ability to incentivise behavior through fiscal … Continue reading

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A Bailout Alternative: Section 8

Adapting the Section 8 housing subsidy model, government might the answer we are looking for that will abate the cascading housing crisis. At the root of most of our economy’s problems, especially the contraction in our credit markets and financial … Continue reading

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The Post-Leverage Economy

If 40:1 leverage was responsible for much of the GDP growth over the last decade or so, what does this mean for us going forward? Here are a couple of questions we should be asking to determine where we are … Continue reading

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