Real estate company collapse leads to Sonoma property auctions
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Published 2024-07-29
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All Comments (21)
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nobody could understand the strategy - buy in extremely high price , then sell in extremely low price to their own LLC ; now filing for bankrupcy . There is a strategy - steal initial investor money in fees who brought the properties in high price ; high price , more fees ; money already changed hands ; also tax break , showing loss on investment . Typical financial fraud.
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privatize the profits, socialize the losses
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Surprise, people can't afford houses and investors are STUCK
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Homes should not be used as income for the investor class. Sotheby's is buying up the rest of Napa & Sonoma.
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Why doesnt the state put nondeductible taxes to investment companies who buy multiple properties within 30 to 50 mile radius?
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Napa county is controlled by 3 companies like wcommerial and strong and Hyden and goldwellbanker They collaborate to rig commercial leases and values and Napa could have the same situation that’s why I reached out to federal trade commission to investigate 🔬. Hopefully the feds step in before it’s too late
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Ok, how much stock does Newsom have in the company?
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I bid $50 on that flat ...
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Must’ve been great for the original seller of the property. Maybe was money laundering scheme that went south.
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This is how 2008 got done to union investors' funds
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Something fishy?
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enter the Chinese..
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That lady is nuts, why would there be a dive in the economy? She must be a realtor.
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Real estate crash begins?
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Hopefully the man is imprisoned for his fraud
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This is what Sonoma gets for being greedy.
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They were bought over priced.. when they sell, the price will be what it’s actually worth. No one is losing money except corrupt property taxes
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Greed.
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What does what was done accomplish? << That is the question. It kills off towns. So, killing off the city of Sonoma might be, and might as well be , the reason this was done. "What about profit?" Of course, even a debacle like this can be profitable somewhere down the road or in (political) 'soft power' for some body. The first step is not to sell to agencies, brokers, or go-betweens. Especially for overly-swell prices that are too are too 'good' to be truly good.
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On this episode of American Greed...😅
