[joobus]

They can, with enough money. The problem is that these will need to be sold at an even steeper discount so that throwing enough money at the renovation makes sense. That means whoever currently holds the loan will eat a huge loss, whether there is a conversion to residential or not.

[calvinmorrison]

What was i told... the market is always a gamble? Or should we once again bail out smart "investors" on the backs of hard workering Americans tax dollars?

[dcow]

Seriously. I’m so sick of people “taking gambles” and getting bailed out because they’re part of the shadow government.