Manhattan Luxury Condos Try FHA Backing in Sales `Game Changer'

Discussion in 'Economics' started by Banjo, Aug 13, 2010.

  1. Banjo


  2. Bob111


    there is another one on the left on same page. also quite interesting-

    btw-she looks pregnant on this video..pregnant stripper? wtf?

    this is a perfect example, how deeply this country is fucked..on so many levels..goldman literally owns this place.
  3. trendy


    From the article: "In New York City, the priciest urban U.S. housing market, the FHA insures loans of as much as $729,750, and permits buyers to borrow up to 96.5 percent of the price".

    So, if the units are priced from $800,000-3.0MM, how is a prospective buyer going to get an FHA insured loan? The cheapest unit is above the FHA maximum. I guess the only way is for the buyer to cough up more down payment to cover the difference.
  4. cstfx


  5. Bob111


    it's all starts right there..the cost of education..then doctors charge you 500K for surgery or $1000 per visit and lawyers are asking $1000-2000 per hour..cause everyone is looking for the money..colleges included

    no sympathy for dumbfucks,who paid 100K for degree in cooking.