detroit, hear this word means trouble.
people are trying to move out of that place even more when its facing bankruptcy.
the people who are left are usually pension holders and nobody would wan to move in to pay for these pension holders.
that is why their property is currently on the lower end in in US and looks like will even be lower if more people leave the state.
so this exit strategy trying to sell to who? people who was on rental? then when the city decline even more and more jobs are gone, who will buy over the existing houses?
anyway i find it extremely funny when you do not seem to regard our local MAS regulator advisory but seem to place so much faith in a regulator half a globe away.
and you seem to completely miss what everyone is telling you. Nobody is saying the investment is wrong. it could completely make money. They are telling you the company is saying it is investing but you have no proof of that and they could be investing 1% of incoming funds into it and ponzing the 99%.
and the hints are really so strong. why would any asset firm give u 15% when the rates across the globes are in the low single digits? then buying a distress property at market rates...(yes the banks sell at market rates, u think they idiots?), then refurbish, can make rates in excess of 15% to cover your portion as well as expenditures? and the 3rd party costs?
if this is true, the banks would rush to work with these firms directly and cut you out already. why need to pay you 15%? in this scheme, what is so special about your $?
Its good to share views, so we can learn from each other.
For detroit news, don't just google "detroit bankruptcy". Look at the big picture. What is going on in Detroit beside the bankruptcy.
And you want to know more about The Exit Strategy, go and ask infinity treasures.
Don't put words into my mouth by saying I don't regard MAS. Go and read the answers from MAS website about IAL then start talking.
"They are telling you the company is saying it is investing but you have no proof of that and they could be investing 1% of incoming funds into it and ponzing the 99%."
<--- NYSE Listed company, Enron. It employed approximately 20,000 staff and was one of the world's major electricity, natural gas, communications, and pulp and paper companies, with claimed revenues of nearly $101 billion during 2000. Fortune named Enron "America's Most Innovative Company" for six consecutive years. All the proof you can ever get. In the end, accounting fraud. Don't invest at all.
Anyway, I will receive my final package by end sept 2013. In the final package, there will be proof that you want to see.
As for the last 2 questions, you will know if you have attended the talk.


