re: property scams 4 cnrs program
and this from some developer there -
I must tell you that, as a real estate developer, you have no idea what type of bubble we are in. This real estate market is equivalent to the tech bubble we just went through on the stock market. People are over-leveraged and the value of their homes is probably half what their mortgage lender tells them it is. The market will be sensitive to any upward trend in interest rates. That is when the bubble will burst. -- Gunti
