Re: Re: Question following Moody’s article on bank-owned propert

#101293
Anonymous
Participant

Why are they not putting it on the market now?

Because it would further deflate prices and erode the declared value of their assets.

When is this likely to happen?

The million dollar question. They rode out the early 90’s recession by holding onto properties until the market improved. It appears they are trying to do the same now. The big question is, given the scale of the problems this time around, will the be able to do so again? The jury is out on that.