Re:Real Estate Giant China Evergrande Will Be Liquidated
by 10u152 on Monday January 29, 2024 @06:26PM
(#39184186)
The problem is can you trust the structure/QA process, is the documentation in place etc. Otherwise it’s a liability nightmare
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Re:Real Estate Giant China Evergrande Will Be Liquidated
by Kon-Peki on Monday January 29, 2024 @08:28PM
(#39185270)
Anyone with the means and ability to take over a project is going to know what they’re getting into before signing any papers or handing over any money :)
Re:Real Estate Giant China Evergrande Will Be Liquidated
by NoPicklez on Monday January 29, 2024 @08:56PM
(#39185491)
Right and that can also mean it might be a tough liquidation to find someone with the means and ability.
Tough doesn't mean it can't happen, just that it might be harder than normal to square it away
Re:Real Estate Giant China Evergrande Will Be Liquidated
by anon-sre-srm on Tuesday January 30, 2024 @05:53AM
(#39188602)
Yep. And the presumption during construction was creating a usable building, so it's not necessarily all that risky. The risk is in monetizing that floor space.