"It was believed that the developer could complete a project of this size within two years following the date the units were pre-sold. The truth was that by 2003, there were no condo projects in excess of 100 units that could be substantially completed in two years."
Worth a read. The impact of poor financial practices, construction management gone awry and misguided buyers. The drama and trauma of the "flipper" phenomenon.
Hindsight Over Condo Sales
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Update on State Unfunded Liabilities
4 days ago