05-24-2017, 03:36 PM
geochem,
That's a generally fair interpretation. I agree the leasehold concept was/is bad for most lessees. One part of Chang's piece referred to a particular situation at Kahala that might have represented only a small percentage of the whole conversion process. Might be some truth to what he described relating to the large profits made by the lease purchasers in Kahala and the reinvestment of those profits in other neighborhoods.
Sorry I have no more views on all the thoughts that you spent time to compile. I am worn out after the previous highly unprofitable conversations.....
That's a generally fair interpretation. I agree the leasehold concept was/is bad for most lessees. One part of Chang's piece referred to a particular situation at Kahala that might have represented only a small percentage of the whole conversion process. Might be some truth to what he described relating to the large profits made by the lease purchasers in Kahala and the reinvestment of those profits in other neighborhoods.
Sorry I have no more views on all the thoughts that you spent time to compile. I am worn out after the previous highly unprofitable conversations.....