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Manhattan Luxury Condos Seek FHA Backing to Boost Sales - 8/14/2010 7:57:54 PM

Brain

Posts: 3792
Joined: 2/14/2007
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I'm hardly a real estate expert so not sure how I feel about this but at first glance I'm reluctant to have the government involved any further than it already is in the economy. One would think the banks have been helped more than enough by now.

Manhattan Luxury Condos Try FHA Backing in `Game Changer'

The FHA, created in 1934 to make homeownership attainable for low- to moderate-income Americans, is now providing a lifeline to new Manhattan luxury condominiums after sales stalled. Buildings featuring pet spas, concierges and rooftop lounges are applying for agency backing to unlock bank financing for purchasers. The FHA guarantees that if a homebuyer defaults on his mortgage, the agency will pay it.

http://www.bloomberg.com/news/2010-08-13/manhattan-luxury-condos-embrace-federal-help-in-game-changer-for-sales.html

Manhattan Luxury Condos Seek FHA Backing to Boost Sales - VIDEO

Aug. 13 (Bloomberg) -- The Federal Housing Administration is providing a lifeline to new Manhattan luxury condominiums after sales stalled. Bloomberg's Monica Bertran reports. (Source: Bloomberg)

http://www.bloomberg.com/video/62192162/

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RE: Manhattan Luxury Condos Seek FHA Backing to Boost S... - 8/14/2010 10:30:17 PM

Hippiekinkster

Posts: 5512
Joined: 11/20/2007
From: Liechtenstein
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Dude, what makes you think the rest of us are incapable of reading the same fucking headlines on yahoo? Do you have some kind of mutant Tourette's which causes you to start a thread on every little thing that crosses your field of vision?

What the hell is wrong with you? Can't you focus on one thing at a time? Can't you stand to have others start threads without you starting 10 more to bump them off the first page?

Why don't you give it a fucking rest?

Aren't you from Canada anyway? Why in the fuck do you care about so much trivial shit?

Take some fucking Ritalin.

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(in reply to Brain)

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RE: Manhattan Luxury Condos Seek FHA Backing to Boost S... - 8/15/2010 12:00:39 AM

THELADY

Posts: 116
Joined: 7/2/2004
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it would be My guess that brian has no job lives on the dole and has nothing else to do but play online. he posts about what happening in America because as he says there is nothing happening in Canada.

< Message edited by THELADY -- 8/15/2010 12:02:50 AM >

(in reply to Hippiekinkster)

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