--- In AsburyPark@yahoogroups.com, "dfsavgny" <[EMAIL PROTECTED]> wrote:
>
>
Time will tell the story. Those places have always been dumps. Puddy
and paint make it what it ain't.
--- In AsburyPark@yahoogroups.com, "Fred" <asburydogma@> 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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