40 Years In The Deserr: Lennar Sellls 11,000 Properties at 40¢ on the Dollar

Friday, January 11, 2008

Tell me that Bloomberg.com: the bubble is bottoming out.

Morgan Stanley real estate bought a stake in 11,000 properties at a 60% discount.

Matthew Saroff, Mechanical Engineer, Owings Mills, Maryland, US
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.

Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.

I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)

I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.