Open Thread


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  1. “Biff, is making reservations, right now.
    “Hi, I’d like to reserve a room”
    “One Person”
    “10 minutes”
    “Cash”
    “Biff Champion””

    You forgot, “Ok, BRG, we’re all set. Park the Caddy and sneak up to Room 213″…

  2. slopefarm, have you ever tried down near Punta Allen? we saw some great little sort of eco-tourism places and some little cabins to rent there. it’s really away from town, so you need to cart everything in with you. We went there for a day when we were down in Playa. It was really beautiful. Roads can be tricky if there have been storms.

  3. you cant restructure a loan on negative equity unless there is an agreement to build the loss into the renegotiated loan. solution is to reamortize these “owners” on a 50 yr schedule with payments going to interest and loss against the original loan. “owner” becomes a defacto renter but stays under a roof and salvages some credit integrity, bank recoups some losses, and toxic foreclosure effect on surrounding property values is avoided.

    the mortgage mods of the past few months were a farse – was just a pushback on payment dates while interest continued to accrue and capitalize – analogize to student loans.

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