Lease Today. Own Tomorrow.

NEW -> Contingent Buyer Assistance Program
This is actually common with developers who develop rental properties. It's not exclusive to TIC. Equity Residential also does this "rental credits to own" deal (they own Toscana on Jamboree), although I'm not aware of any of their for-purchase residential developments in California.

 
Great idea by TIC to encourage the rewards program. Buyers will perceive the "equity credit" as house money and be more willing to overpay for a development that is overpriced since hey, it is a credit!
 
I thought TIC is clever with that. I would take it to the next level. All consumers shop at a TIC retail center will also get credit toward the home purchase. All those who work at a TIC business park also receive credits. For those who don't need the credits like Indie and me then we can auction our transferable credits on EBay. For the hookers operating from Island Hotel they also racked up a lot of credits and may be the Johns could also get some of the credit points after the happy endings.
 
LAtoOC said:
Great idea by TIC to encourage the rewards program. Buyers will perceive the "equity credit" as house money and be more willing to overpay for a development that is overpriced since hey, it is a credit!
Click to expand...

I actually see it as the opposite.  They will be willing to overpay for rent with the emotional justification that it will help them to purchase a house down the road.
 
irvinehomeshopper said:
Sounds like IHO would rack up a lot of points since his life only evolved inside the golden triangle.
Click to expand...
Except that I've owned in Irvine longer than I ever rented (is someone going to call me out on that?).
 
TIC should diversify into finance, start a bank and issue credit cards with equity/rent credit cash back on any valid purchases made in Irvine (applied to TIC retail centers only).
 
The Motor Court Company said:
TIC should diversify into finance, start a bank and issue credit cards with equity/rent credit cash back on any valid purchases made in Irvine (applied to TIC retail centers only).
Click to expand...

TIC is starting to sound like the coal mine companies in the old days.  The workers get paid in coal mine company dollars (which are only good at coal mine owned facilities), shop at overpriced coal mine owned stores, live on coal mine property and pay rent for the coal mine owned living areas. 
 
davenlei said:
The Motor Court Company said:
TIC should diversify into finance, start a bank and issue credit cards with equity/rent credit cash back on any valid purchases made in Irvine (applied to TIC retail centers only).
Click to expand...

TIC is starting to sound like the coal mine companies in the old days.  The workers get paid in coal mine company dollars (which are only good at coal mine owned facilities), shop at overpriced coal mine owned stores, live on coal mine property and pay rent for the coal mine owned living areas.
Click to expand...
Good point, what better way to protect their monopoly
 
During the depression era when Americans were out of work. Government created projects just to put unemployed workers back to work known as the WPA era. One of such project was Boulder Dam renamed Hoover Dam. Government built the entire town of Boulder City just to house the workers traveled across America to seek work. The entire city was created overnight with a single monopoly. A sleepy neighboring town became the weekend entertainment places where the workers could spend their currency. Boulder City chartered buses to take workers to gambling and brothel establishents. This sleepy town became Las Vegas.

davenlei said:
The Motor Court Company said:
TIC should diversify into finance, start a bank and issue credit cards with equity/rent credit cash back on any valid purchases made in Irvine (applied to TIC retail centers only).
Click to expand...

TIC is starting to sound like the coal mine companies in the old days.  The workers get paid in coal mine company dollars (which are only good at coal mine owned facilities), shop at overpriced coal mine owned stores, live on coal mine property and pay rent for the coal mine owned living areas. 
Click to expand...
 
You must log in or register to reply here.
Back
Top