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Default Cycle Unfolds: Texas Apartment Syndicator Faces Losses, Echoing Broader Warning Signals in Credit Market
Citizen Watch Report ^

Posted on 12/10/2023 4:57:14 AM PST by davikkm

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To: DoodleBob

Houston and Austin are #2 and #6 in national growth. They can’t build apartments fast enough to keep up so prices have skyrocketed on current housing. There is no way this company is in the red unless they are that stupid or are cooking the books for some reason. Which owner is getting a divorce and the spouse’s lawyer is demanding half?


21 posted on 12/10/2023 8:54:14 AM PST by bgill
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To: FarCenter
Falls on Bull Creek was built in 1983. It appears to be in disrepair and reviews are really bad.

Falls on Bull Creek? I love the names they give these civilian barracks..

22 posted on 12/10/2023 9:04:07 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Leaning Right

I hear you, and don’t disagree.

The pandemic accelerated the state’s appetite for, and public’s acquiescence to lawless regulation.

That said, the ingenuity of the American businessperson is boundless. All in good time.


23 posted on 12/10/2023 2:00:20 PM PST by DoodleBob (Gravity's waiting period is about 9.8 m/s²)
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To: Leaning Right

“Then he hit upon a solution. Accept Section 8 renters. Well, the whole place went to hell pretty quickly.”

You know, I always hear stories like that, and I believe them, but the fact is that Section 8 housing complexes in my area do not have exceptionally high crime. There is some of that but not much more than non- Section 8 developments. What is the difference? Well it is a confounding variable — race of the tenants. We have almost none of a particular troublesome tribe.


24 posted on 12/10/2023 2:07:33 PM PST by steve86 (Numquam accusatus, numquam ad curiam ibit, numquam ad carcerem™)
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To: KevinB

In Texas you must honor the lease, for apts here leases are 12 months.


25 posted on 12/11/2023 5:51:08 AM PST by Jolla
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