late train n.— «In order to communicate, it helps to be on the right side, said Bob Cozean, a Houston-based real estate developer who, with partner Pat Gilbert, has contributed $15,000 to White’s re-election campaign. “As opposed to taking a late...
jingle mail n.— «I have heard about isolated cases of “jingle mail,” where homeowners have mailed in the keys because they can’t make the payments and no longer have any equity in their homes. That phrase was a prominent feature of the S&L bust and...
jingle mail n.— «In the great Southern California bust of the early 1990s, real estate legend holds, many defaulting homeowners mailed their keys back to the lenders, in effect washing their hands of the whole matter, and promptly left town. Thus...
off plan adv.— «“Many of them buy off plan, because they’re fearless,” she added, referring to the custom of putting money down on apartments long before they are completed.» —“An Irish Taste for Real Estate in Manhattan” by Patrick McGeehan New...
Crispie n.— «They have bought so much property in England, Spain and in countries in Eastern Europe that they have been dubbed Crispies—short for cash-rich Irish seeking properties in Europe.» —“An Irish Taste for Real Estate in Manhattan” by...
hair on it v. phr.— «This is the one sector where cap rates seem to be all over the place, in terms of—if it’s leased through, it’s no expression near-term, you have a great price, and if this there’s any hair on it, heavily discount it...