Politics
Out of context: Reply #11054
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Remember, The Supreme Court said Corporations have personhood! Great people, them corporations.
"NEW YORK (Dow Jones)--Commercial real estate owners are walking away from properties that have become untenable as investments, just as homeowners have walked away from houses they can no longer afford to pay off or sell.
The latest commercial property owner to do this is Vornado Realty Trust (VNO), the $13 billion real estate investment trust, which warned last week that it would walk away from two loans totaling $235 million.
The trend is likely to escalate in coming months as more loans mature and refinancing remains difficult and costly. As with residential properties, there is less incentive for owners to hold on to properties when the buildings are worth less than what is owed on their mortgages."
Yup. Big capitalists just walk away from their loans. That's business, nothing personal, you see. Probably get a big tax write off too.
That's gotta stick in your little free market anti-socialist loving craw, don't it SumWork. You work hard and get..oh..right..no house, owe the irs tens of thousands. Go ahead, blame the imaginary librul boogie man while the real thieves are apparent right in front of your face.
Blind brother, you're blind.
- bank foreclosures are pretty far from getting a "big tax write off."johndiggity
- and this trend of commerical realty co's walking away really only screws banks and bondholders. the same people you are vilifying.johndiggity
- you are vilifying.johndiggity
- You missed the point. But why wouldn't you.********