Property Grunt

Monday, March 01, 2010

More of the same.

Another Anakin.

The NYT did an extensive article on Adam Craig Hochfelder

Hochfelder’s Fast Rise and Fall in Real Estate

Never heard of the guy, but I am not surprised. Even with his considerable pedigree.

With every boom there comes a series of Emperors who rule the roost and with every bust people see that the Emperor has no clothes.

But do not shed tears for the bare assed emperor. You see, even though this guy is probably going to be living with 3 hots and a cot, once he is released from club fed, there are going to be a some offers for him lined up. Even now people want to do business with him.

His reputation is mud but mud can be washed off. And money is an excellent cleaner which this guy has proven to be able to generate.

In other words this guy is just another Anakin.

I like this ending better.