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	<title>Comments on: Surprise! Wilshire Village Facing&#160;Foreclosure</title>
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	<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/</link>
	<description>Houston, Texas real estate development, home buying, landscape, and design</description>
	<pubDate>Sun, 21 Mar 2010 06:46:25 +0000</pubDate>
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		<title>By: Alexander</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48833</link>
		<dc:creator>Alexander</dc:creator>
		<pubDate>Sat, 31 Oct 2009 02:04:01 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48833</guid>
		<description>Matt may be many things, but lacking intellect is not one of them. If I were in a tough spot on a real estate deal, being in Wilshire Village at less than $40 a foot would be preferred. I know the commercial realestate market is in very tough shape, but how do you put together over 7 acres in this area at $40 a foot? If this deal gets taken back by the bank. I am going to be really worried about the market. My guess, is enough investors will become aware of the opportunity and it will be snapped up at somewhere around $50 a foot. Sorry to see Matt or anyone else in difficult times. I wonder how Cohen is involved in ownership, and the extended family, who are real estate players. I bet one of these end up with the property. I would not be supprised if Matt has been taken for a ride, by those more clever, with deeper pockets than himself. We will see. I know this partnership extends to some other great properties, that Cohen owned. 

I remain curious as to what happens.</description>
		<content:encoded><![CDATA[<p>Matt may be many things, but lacking intellect is not one of them. If I were in a tough spot on a real estate deal, being in Wilshire Village at less than $40 a foot would be preferred. I know the commercial realestate market is in very tough shape, but how do you put together over 7 acres in this area at $40 a foot? If this deal gets taken back by the bank. I am going to be really worried about the market. My guess, is enough investors will become aware of the opportunity and it will be snapped up at somewhere around $50 a foot. Sorry to see Matt or anyone else in difficult times. I wonder how Cohen is involved in ownership, and the extended family, who are real estate players. I bet one of these end up with the property. I would not be supprised if Matt has been taken for a ride, by those more clever, with deeper pockets than himself. We will see. I know this partnership extends to some other great properties, that Cohen owned. </p>
<p>I remain curious as to what happens.</p>
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		<title>By: Bill Burge</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48728</link>
		<dc:creator>Bill Burge</dc:creator>
		<pubDate>Fri, 30 Oct 2009 14:57:49 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48728</guid>
		<description>There's no way they'll get $41 PSF right now, considering how fast they have to pony up the cash in this kind of sale.  My guess is maybe $30 PSF.  Whoever buys it will have to sit on it for a couple years until debt is available for a multifamily project.</description>
		<content:encoded><![CDATA[<p>There&#8217;s no way they&#8217;ll get $41 PSF right now, considering how fast they have to pony up the cash in this kind of sale.  My guess is maybe $30 PSF.  Whoever buys it will have to sit on it for a couple years until debt is available for a multifamily project.</p>
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		<title>By: Matt Mystery</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48698</link>
		<dc:creator>Matt Mystery</dc:creator>
		<pubDate>Fri, 30 Oct 2009 11:06:36 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48698</guid>
		<description>Tosses a *dingleberry* at Melanie...</description>
		<content:encoded><![CDATA[<p>Tosses a *dingleberry* at Melanie&#8230;</p>
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		<title>By: Melanie</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48633</link>
		<dc:creator>Melanie</dc:creator>
		<pubDate>Fri, 30 Oct 2009 03:21:50 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48633</guid>
		<description>Could you be any more of a dingleberry Matt Mystery?</description>
		<content:encoded><![CDATA[<p>Could you be any more of a dingleberry Matt Mystery?</p>
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		<title>By: Matt Mystery</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48623</link>
		<dc:creator>Matt Mystery</dc:creator>
		<pubDate>Fri, 30 Oct 2009 01:37:31 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48623</guid>
		<description>From cross:
Ouch! Matt, you must be a blast at cocktail parties
_____________

Oh, I'm a hoot. My favorite, usually when I wish I hadn't graced everyone with my presence where "Republican types" have gathered and hope never to be asked to again, is posing the question of why god gave the Muslims all the oil.  Leaves everyone speechless. While I finish the Jack Daniels and slip out through the kitchen.</description>
		<content:encoded><![CDATA[<p>From cross:<br />
Ouch! Matt, you must be a blast at cocktail parties<br />
_____________</p>
<p>Oh, I&#8217;m a hoot. My favorite, usually when I wish I hadn&#8217;t graced everyone with my presence where &#8220;Republican types&#8221; have gathered and hope never to be asked to again, is posing the question of why god gave the Muslims all the oil.  Leaves everyone speechless. While I finish the Jack Daniels and slip out through the kitchen.</p>
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		<title>By: Matt Mystery</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48621</link>
		<dc:creator>Matt Mystery</dc:creator>
		<pubDate>Fri, 30 Oct 2009 01:33:41 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48621</guid>
		<description>Furthermore, you are either clearly not aware of this property’s locale or lack a basic understanding of Houston’s real property market. 
_____________

I like to walk. Odd habit. I often walk to Fiesta. I often walk to a friend's on West Main near Shepherd. Sometimes we walk to the Menil. You should walk the neighborhood before you tell someone they don't know the neighborhood. 

As Rick Perry would say, "Adios, mo-fo." That's Spanish for drop dead.</description>
		<content:encoded><![CDATA[<p>Furthermore, you are either clearly not aware of this property’s locale or lack a basic understanding of Houston’s real property market.<br />
_____________</p>
<p>I like to walk. Odd habit. I often walk to Fiesta. I often walk to a friend&#8217;s on West Main near Shepherd. Sometimes we walk to the Menil. You should walk the neighborhood before you tell someone they don&#8217;t know the neighborhood. </p>
<p>As Rick Perry would say, &#8220;Adios, mo-fo.&#8221; That&#8217;s Spanish for drop dead.</p>
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		<title>By: cross</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48594</link>
		<dc:creator>cross</dc:creator>
		<pubDate>Thu, 29 Oct 2009 23:40:34 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48594</guid>
		<description>Ouch!  Matt, you must be a blast at cocktail parties.  Bernard you are correct, there is no doubling down,the bank already gave their money to Dillick in 2006, Amegy will protect their position via first lien position at the eventual f/c sale.  Wedge may elect to protect their position by paying off the men in long underwear.  Wedge's real estate group is usually in for the long term and given the location long term they should be fine, unless we turn into a banana republic of course.</description>
		<content:encoded><![CDATA[<p>Ouch!  Matt, you must be a blast at cocktail parties.  Bernard you are correct, there is no doubling down,the bank already gave their money to Dillick in 2006, Amegy will protect their position via first lien position at the eventual f/c sale.  Wedge may elect to protect their position by paying off the men in long underwear.  Wedge&#8217;s real estate group is usually in for the long term and given the location long term they should be fine, unless we turn into a banana republic of course.</p>
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		<title>By: Scott Bodenheimer</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48586</link>
		<dc:creator>Scott Bodenheimer</dc:creator>
		<pubDate>Thu, 29 Oct 2009 23:30:29 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48586</guid>
		<description>Oh how the mighty real estate flippers have fallen!

Bernard's idea for a park to take the place of Wilshire Village is a fine idea.  But anyone that thinks he could get $50 a square foot for bare dirt in that neighborhood, located on unimproved streets that flood, bounded by mega power poles and a fiber optic channel that AT&#38;T has to dig up every few years or so might need to think twice. That per square foot price needs to be added to the cost of hefty street, sewer, and utility improvements, even before a pencil hits a napkin.</description>
		<content:encoded><![CDATA[<p>Oh how the mighty real estate flippers have fallen!</p>
<p>Bernard&#8217;s idea for a park to take the place of Wilshire Village is a fine idea.  But anyone that thinks he could get $50 a square foot for bare dirt in that neighborhood, located on unimproved streets that flood, bounded by mega power poles and a fiber optic channel that AT&amp;T has to dig up every few years or so might need to think twice. That per square foot price needs to be added to the cost of hefty street, sewer, and utility improvements, even before a pencil hits a napkin.</p>
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		<title>By: Bernard</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48565</link>
		<dc:creator>Bernard</dc:creator>
		<pubDate>Thu, 29 Oct 2009 22:55:50 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48565</guid>
		<description>Apparently, SD doesn't know ho to read.</description>
		<content:encoded><![CDATA[<p>Apparently, SD doesn&#8217;t know ho to read.</p>
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		<title>By: Landed Gent</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48562</link>
		<dc:creator>Landed Gent</dc:creator>
		<pubDate>Thu, 29 Oct 2009 22:55:11 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48562</guid>
		<description>Mr. Mystery,

Your antics are not amusing.  English is spoken in every establishment I frequent, and I'm not referring to the brutish grunts shared between you and the misanthropes you associate with.  Furthermore, you are either clearly not aware of this property's locale or lack a basic understanding of Houston's real property market.  That is all.</description>
		<content:encoded><![CDATA[<p>Mr. Mystery,</p>
<p>Your antics are not amusing.  English is spoken in every establishment I frequent, and I&#8217;m not referring to the brutish grunts shared between you and the misanthropes you associate with.  Furthermore, you are either clearly not aware of this property&#8217;s locale or lack a basic understanding of Houston&#8217;s real property market.  That is all.</p>
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		<title>By: Matt Mystery</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48548</link>
		<dc:creator>Matt Mystery</dc:creator>
		<pubDate>Thu, 29 Oct 2009 22:28:50 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48548</guid>
		<description>The bottom line is I don't think Dillick is the brightest light bulb.</description>
		<content:encoded><![CDATA[<p>The bottom line is I don&#8217;t think Dillick is the brightest light bulb.</p>
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		<title>By: Matt Mystery</title>
		<link>http://swamplot.com/surprise-wilshire-village-facing-foreclosure/2009-10-29/#comment-48547</link>
		<dc:creator>Matt Mystery</dc:creator>
		<pubDate>Thu, 29 Oct 2009 22:27:26 +0000</pubDate>
		<guid isPermaLink="false">http://swamplot.com/?p=13238#comment-48547</guid>
		<description>Not only is this valuable land well-suited for more refined sensibilities, but it was becoming a nuisance to Wilshire’s more affluent neighbors.
______________

I suspect you don't live in the neighborhood. Suffice it to say you hear "hola" more than you hear "hello."</description>
		<content:encoded><![CDATA[<p>Not only is this valuable land well-suited for more refined sensibilities, but it was becoming a nuisance to Wilshire’s more affluent neighbors.<br />
______________</p>
<p>I suspect you don&#8217;t live in the neighborhood. Suffice it to say you hear &#8220;hola&#8221; more than you hear &#8220;hello.&#8221;</p>
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