May 20, 2009

Remember "Elevation Chandler", the dumbest and most corrupt condo project ever? The lender's CEO killed himself, and the developer is homeless.


Hundreds of years from now, they'll ask "what were they thinking?"

The answer?

They just wanted to get rich without working.

And they had 21 reasons. Wasn't that all they needed?

The Curse Of The Failed Condo Project
By twist

If ever there was an ill-fated condo project, it would be the Elevation Chandler project in Chandler, Arizona. This isn’t just a tale of bankruptcy and foreclosure. The is also a tale of suicide for the lender’s CEO and riches-to-rags for the developer- who now is without a home of his own.

10 comments:

Anonymous said...

Foreigners are snapping up all the properties with the strong Euro

Baa haa ha


Europe is dead!

this time for good

casey said...

I saw the developer pan handleing in chandler last week.His sign said;

I lost everything gambleing in real estate!

Will be your bitch.

Guberville Smack said...

"He’s living on the street," attorney Scott Goldberg said after a bankruptcy hearing Thursday.

This is the kind of stuff renters on this blog want sooo hard to believe, they jump all over it.

Translation to Reality: "He is hiding all his assets from creditors until the taxpayers have paid off all his debt. He will live well and lay low, and when it is over, he will be back in the game stronger than ever".

Anonymous said...

Greg Swan is now saying the NAR is criminal. Doesn't that make him an accomplice?

"the NAR a criminal conspiracy against consumers"

Anonymous said...

The way things are going with the dumbing down of society, 100 years from now people will be incapable of reading history books (1).

References:
(1) Idiocracy (2006).

-Gonzo

Anonymous said...

"He is hiding all his assets from creditors until the taxpayers have paid off all his debt. He will live well and lay low, and when it is over, he will be back in the game stronger than ever".

Heh, watched Frontline a few weeks back about the Madoff scandal. They had some dude on there that ran a feeder firm feeding clients to Madoff (is it surprising that he was Jewish too). So, this guy apparently knew nothing, or at least conveniently did not ask any questions, and he and his wife were forced to move from their 14 million 6000 sqft West Palm home into an apartment.

Boo f*cking hoo. The dude is just hiding his assets and he, his wife and any of their descendants should be put to death.

Anonymous said...

OT, this headline says it all. And check out the after hours buy on TBT. Folks are betting big on the next bubble collaps.

And, here is the problem. China would love to continue buying treasuries but they can't! Their surplus is not growing as it was and they have to use to fund infrastructure projects to keep their own people fed.

Not good folks! This is really bad news for long term interest rates.


Treasuries, Mother of All Bubbles, Is Primed to Pop
by: Paul Learton May 20, 2009


http://tinyurl.com/q7sfhr
http://tinyurl.com/pxor57

Ross said...

I still believe in Elevation Chandler. It's a great place for bums or teenagers to see that Ostrich Farm of a city from up high. Woo0ooOoo

Jayman01844 said...

They just wanted to get rich without working.

Thats 's it right there

Anonymous said...

"...watched Frontline a few weeks back about the Madoff scandal...The dude is just hiding his assets..."Isn't it completely obvious?

They cannot document any trades/investments made...Billions and Billions and Billions were given to him.

You CANNOT spend that kind of wealth; impossible.

What this guy did spend was 20+ years traveling the globe squirreling it all away.