Unfortunately I fear that the majority of folks in Asbury Park ARE happy and do not
comprehend the disfunction of this redevelopment that those of us with a wider knowledge
base observe.
I wonder if they would be happy if they were shown a list of developers TURNED AWAY by Asbury Partners o
> > I may set up a meeting with the
> > principals because I am not sure they realize what the perception
of
> > the community is of them. I think they believe that we view them as
> > saviors. Won't reality be a shock.
Dan,
I really don't think they give a rat's ass what anyone thinks. If yo
#4 - False Appraisals - or banks unwilling to discount the immediate
rise in the housing values. Jsut because property "a" sold for X last
week, doesn't make proeprty "b" worth the same/more/less.
A good lender would knock off a percentage of the appraisal so they
wouldn't get burried. I'm sur
--- In AsburyPark@yahoogroups.com, "dfsavgny" <[EMAIL PROTECTED]> wrote:
>
> Just had lunch with a friend at the Harvard Club who is a partner
> and friend of the principals of Asbury Partners...
...
> I may set up a meeting with the
> principals because I am not sure they realize what the percep
--- In AsburyPark@yahoogroups.com, "wernerapnj" <[EMAIL PROTECTED]> wrote:
>
> From my document:
>
> "1. The traditional commercial, entertainment and educational aspects of
> the waterfront should be the first priority:
>
> This is what Asbury Park is known for around the world and this will
I call it a perfect storm.
#1. The anticipated housing market decline. Artificial equity is
evaporating revealing a home's true value with relation to the amount
of the mortgage(s). The recent wave of cash out refinancing (equity
depleting) sometimes up to 90% or more of the home's Fair Mar
Real Estate Recession Coming
BY ROBERT Z. ALIBER
September 12, 2006
URL: http://www.nysun.com/article/39480
The housing market now is increasingly a buyer's market. One of the
major builders of luxury homes reported that both its third quarter
and full year earnings "would fall short of its prev
Just had lunch with a friend at the Harvard Club who is a partner
and friend of the principals of Asbury Partners for 30 years (MD
Sass). He is not involved with AP. He confirmed that Partners has no
experience in real estate development, retail or entertainment.
Partners' ideology is to do not
