Quote:
Originally Posted by nequidnimis
Construction of the second tower is not moving forward due to a softening of the residential real estate market that has been evident for months, even in San Francisco. As to the press release about solid financing in place, it is lthe kind every financial institution on the brink of collapse, starting with Fannie Mae, has put out in its final days.
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Of course it is. No one questions that. There has been no "press release" about ORH financing recently. The only information we have on that subject that's recent is their continued stated intention to build the second tower when they sell out the first one. When that may happen I don't know--or whether they really will proceed. I do think they may be facing a lawsuit from buyers in the first tower if they completely abandon plans to build the second.
So anyway, what's point you guys are trying to make--that you're the smartest guys here? Reminds me of my favorite expression from college many years ago: BFD.