Quote:
Originally Posted by 1ntCobra
So if a developer starts a brand new condo development and 0% of the units are sold, how do they get from 0% to 70%? Is the developer stuck only with buyers that can pay 100% of the purchase price with cash? Exactly how many of them are around?
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Looks like we are going back to the good old days of straight conventional lending.
If we had stayed there to beging with the country would be a lot better off.