--- In AsburyPark@yahoogroups.com, "Fred" <[EMAIL PROTECTED]> wrote:
>
> ---Let's hope so. It's just a scam to get more money for the
properties.
>
>
> The new owners of the Fast lanes, Baronet and Bowling Ally. Their
just
> driving of the value, every dollar they put into those buildings
they
> will get at least 2 dollars back. They know what they're doing.
It's
> like buying tax liens you know you'll get your money back with
interest.
>
>
Fred, you know nothing about this subject. I do this for a living.
One of the most riskiest propositions is to buy a property that is
scheduled to be condemned. In fact, they are rarely bought and thus,
that is why there is a thing called condemnation blight. It is the
opposite of project enhancement. The law recognizes it and there are
books on it. Only a mad man buys a property to be condemned thinking
he could make a profit. And considering the track record of
condemnation awards in NJ, that is even more so. NJ is not like NY,
in which property owners get paid for fixtures and improvements to
the property. Pat and Denny have better ways to make money than
buying the Baronet and Fast Lane. They are doing it on principle.
Your glass is always half empty. It must be depressing to be you.
Sorry for your troubles. See a behavior specialist.
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