Friday, November 30, 2007

from CNN, not the PD

Foreclosure impact: Next stop, tax drop - Nov. 29, 2007 -- It's amazing how the other media continue to write the story about Cleveland, and the PLAIN DEALER still refuses to deal timely. Are they still afraid of offending advertising clients, as showcased in the recent Latourette dustup with the bloggers?

The one thing we all need to remember as we get down to true valuations in the NEO region is that all these properties just sitting and being ruined by the lenders' inattention sit adjacent to much of the world's fresh water supply. We need to take them back so that still more of our heritage assets are not wasted by those who just finished their unregulated feeding frenzy. Maybe it's even time to turn the tables.

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