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Re: land decision

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Posted by dhermesc on April 18, 2005 at 05:45:52 from (68.110.220.22):

In Reply to: Re: land decision posted by NEsota on April 17, 2005 at 11:54:50:

At that time the "Emporer's" palace was appraised at some rediculous price - like the value of all of California. There are still huge loans of property there that excede the value of the property by 3X-5X. These bad loans that the banks are afraid to foreclose on are one of the main drags on their economy.

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