Hot Resorts Cool Down: Mortgage Crisis

Hot Resorts Cool Down Mortgage Crisis - Politics, Business, Civil, History - Posted: 2nd Jul, 2008 - 3:15pm

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Post Date: 25th Jun, 2008 - 6:22pm / Post ID: #

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Hot Resorts Cool Down: Mortgage Crisis

Hot resorts cool down: Mortgage crisis

Credit Suisse also is trying to call in a loan at Tamarack Resort, one of the nation's newest ski resorts, about 100 miles north of Boise. In Nevada, at Lake Las Vegas - a golf community 17 miles from the Strip that defaulted on $540 million in loans - a group of lenders led by Credit Suisse forced the development into new ownership at the start of the year.
Ref. https://deseretnews.com/article/1,5143,700237628,00.html

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Post Date: 2nd Jul, 2008 - 3:15pm / Post ID: #

Hot Resorts Cool Down: Mortgage Crisis
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Crisis Mortgage Down Cool Resorts Hot

I can see this happening as many will not be willing to buy a new home right now. Even if it is in a prime location. I believe many will wait to see what is happening with the housing crisis before buying again.



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