[So you thought that your property depended on your hard work and persistence in the face of obstacles.  Think again.  While you were doing all the right things, your neighbors were falling prey to the loan sharks and now your property is as much at risk as theirs — your business, your job, the value of your home which you perhaps planned to sell when you retired as your nest egg?

The property game entangles all of us.  The markets do not look too happy today around the globe.  And they may hit the neighborhoods down the line, too.  Ed Kent]

…………………..

CITYWIDE
Holidays Find Loan Crisis Spreading to Businesses and
Neighbors
By DAVID GONZALEZ
In one Bronx neighborhood, the hangover from the binge of
sub prime loans that flooded the area a few years ago is
being felt even by those who did not take out risky loans.

http://www.nytimes.com/2007/12/17/nyregion/17citywide.html?th&emc=th

“A war is just if there is no alternative, and the resort to arms is legitimate if they represent your last hope.” (Livy cited by Machiavelli)

Ed Kent  212-665-8535 (voice mail only) [blind copies]
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