When the 2008 financial collapse hit this country, were you affected? When the housing bubble imploded, did you lose value on your home? When you had expectations of particular financial returns on your assets, did you have to readjust your parameters and figure out how to live or retire in the new economy?
And try as you might, were you able to do anything to dramatically change what was happening to you? Were you able to change the impact upon your family? Do you know of foreclosures, evictions, or even bankruptcies? Were those unfortunate situations changed because the people affected were hurting and needed to have changes made to lessen the pain they were suffering?
It seems to me that MCO is facing these same difficulties with its real estate holdings in Adero Canyon. Apparently MCO isn’t able to make the same profits or capitalize on the same development forecasts that they envisioned prior to 2008.
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I am anchor
It's not fair
Posted
Richard Strub
When the 2008 financial collapse hit this country, were you affected? When the housing bubble imploded, did you lose value on your home? When you had expectations of particular financial returns on your assets, did you have to readjust your parameters and figure out how to live or retire in the new economy?
And try as you might, were you able to do anything to dramatically change what was happening to you? Were you able to change the impact upon your family? Do you know of foreclosures, evictions, or even bankruptcies? Were those unfortunate situations changed because the people affected were hurting and needed to have changes made to lessen the pain they were suffering?
It seems to me that MCO is facing these same difficulties with its real estate holdings in Adero Canyon. Apparently MCO isn’t able to make the same profits or capitalize on the same development forecasts that they envisioned prior to 2008.
Times have changed and conditions altered; MCO must now face the same reality that all of us have already experienced. But MCO doesn’t want to earn less money or face lowered real estate conditions. They would like to be treated differently, receive special treatment, and simply bypass the difficulty that the rest of us could not avoid.
They want to change the rules! I don’t see how this is fair. We as individuals couldn’t even consider changing the rules. Why is it proper or fair for MCO to change the rules by asking for greater density in Adero Canyon so that they don’t suffer lower expectations and profits? The rest of us couldn’t do that. And unfortunately, what they want will significantly impact the quality of life and enjoyment of many others.
I don’t mean to whine but…it’s not fair. It seems to discriminate against the rest of us.
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