why the fall, page-23

Top post Warnie. Most people here dont understand financing on income producing properties or business's.

I used to be a hotel/resort broker. Lots of hotel business's (from pubs to Hiltons) were sold 80-85% leverage thats only 15-20% equity. They survive very well.

I think 70% is pretty reasonable. Every year the market grows your equity for free, the business improves and rents go up (generally over time) so business gets better and equity grows. These guys may have to sell down and sit on their hands for a while and stop buying stuff.

The press seems to be as uneducated as some posters here. Great L/T buying op IMO.

Cheers M.