War Eagle Condo bust

by NJBammer on Jul 3, 2009 10:10 AM CDT Comment 6 comments

A little bit of schadenfreude for your holiday weekend. A little cautionary tale about the risk of combining high hopes on the Tiger's football fortunes and the real estate bubble.

http://mises.org/story/3551

Conclusion:

Auburn fans are counting on new coach Gene Chizik to quickly turn their team's fortunes around. At the same time, the developer of football suites is hoping the real-estate market quickly turns around. Neither has a prayer.

FanPosts are just that; posts created by the fans. They are in no way indicative of the opinions of SBN and the authors of Roll Bama Roll.

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Wow.

I hate that for them. But in all honesty, that pic makes it look like an ugly Super 8 hotel. The Capstone Condos (or whatever they are called) are much nicer looking from the outside, anyway.

Then again, we have Saban.

"When people fear their government, there is tyranny; when the government fears their people, there is liberty" - Thomas Jefferson

by BamaReturns07 on Jul 3, 2009 11:12 AM CDT reply actions 0 recs

you'd love mises.org by the way

they still think capitalism is infalable and that BHO is to blame for this mess. lovely little corner of the web, lots of ayn rand fans…

welcome to the SEC kiffykins...

by tempebamafan on Jul 3, 2009 4:20 PM CDT up reply actions 0 recs

because Keynesian economics has such a stellar track record of success. And stop throwing around meaningless terms like “captialism.” All systems of economy are capitalist, its just a matter of who owns and controls the capital. And nobody is saying Barry is to blame for the current econimic mess (although he certainly isn’t helping) but a few of his fellow party members are…

"A demagogue is one who preaches doctrines he knows to be untrue to men he knows to be idiots." -H. L. Mencken

by Bens4vcobra on Jul 6, 2009 9:31 AM CDT up reply actions 0 recs

you're right.

they both (austrian school and Keynesian style) suck.

and the nitwits trying to pin the current mess on Barry aren’t really involved in serious economic discussions for the most part (3 fixednews screaming pundits come to mind). except in broad generalities, but not policy dudes, i have to give the right credit for that. at least their academics, for the most part, remain professional and intellectually honest.

and yes, plenty of blame to spread around in washington for the giant shit storm of an economy we got. i’d start on K street though when looking for bodies to line up against the wall.

welcome to the SEC kiffykins...

by tempebamafan on Jul 6, 2009 1:39 PM CDT up reply actions 0 recs