Valley Real Estate

[puckhead]

No participation trophies.

Not even if you're 'hooked on phonix?'

 

[Luciano]

No sympathy from me on this.

Opendoor , Cerberus Capital Management LP and others big corporate landlords lost 58,000 apiece and local flippers sold homes for 20% above their purchase price for once.

 

[dscher]

Opendoor , Cerberus Capital Management LP and others big corporate landlords lost 58,000 apiece and local flippers sold homes for 20% above their purchase price for once.

Definitely not a surprise inside one of the biggest speculative asset bubbles ever created...

 

[Dback Jon]

Tottie's Asian Bistro, in the Shopping Center at Thomas and Hayden, just closed their doors - landlord doubled their rent from 10K to 20K a month, making the margin not worth it. Tottie decided to mostly retire, but helping out some at the other Tottie's (which she doesn't own anymore)

 

[Yuma]

Tottie's Asian Bistro, in the Shopping Center at Thomas and Hayden, just closed their doors - landlord doubled their rent from 10K to 20K a month, making the margin not worth it. Tottie decided to mostly retire, but helping out some at the other Tottie's (which she doesn't own anymore)

That's outrageous rent. Let us know if anyone else moves in that rate.

 

[dscher]

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[AZ Native]

That's outrageous rent. Let us know if anyone else moves in that rate.

It's a sign of the times, unfortunately.