The Barack Obama Contingency

By Anthony Longo 29 10 2008 by Author

Today I walked into my office and got a Gtalk message from one of my best friends who now lives in Geneva, Switzerland as a Money Broker.   The title - “Dude check this out!  Right up your alley here…”

The link, a Bloomberg article titled: New York Condo Buyers Wary of McCain Get Obama-Loss Loophole

In short, the article states that a New York condo buyer has put in an offer to purchase the $4.16M condo that basically will be NULL and VOID if Barack Obama is NOT elected president.

Noted in the article:

“Call it the Obama contingency. Buyers at the building called +aRt will be released from their purchase contract “no questions asked” should the Democratic candidate lose to John McCain on Nov. 4, said Erik Ekstein, president of Ekstein Development”

“We’ve been trying to move some of our product and one of the major stumbling blocks has been political,” Ekstein said. “This being New York, people are looking forward to his taking office,” he said of Obama.

“Some would-be buyers visited the building, discussed financing, and then said they feared McCain, Ekstein said. Victory by the Republican will trigger the escape hatch for anyone who signs a sales agreement before then.”

No sales have been made yet, but I would agree with Morrison that this could ‘Only happen in NY’.

Read the rest of the article here.

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13 responses to “The Barack Obama Contingency”

29 10 2008
Barack Obama On Best Political Blogs » The Barack Obama Contingency (09:21:28) :

[...] The Barack Obama Contingency In short, the article states that a New York condo buyer has put in his offer to purchase that basicallly, the $4.16M condo purchase will be NULL and VOID if Barack Obama is NOT elected president. Noted in the article: … [...]

29 10 2008
Barack Obama On Best Political Blogs » The Barack Obama Contingency [Condo Blog - A Non-Corporate Blog From (09:57:10) :

[...] The Barack Obama Contingency [Condo Blog - A Non-Corporate Blog From …has put in his offer to purchase that basicallly, the $4.16M condo purchase will be NULL and VOID if Barack Obama is NOT elected president. [...]

29 10 2008
John McCain On Best Political Blogs » Blog Archive » The Barack Obama Contingency [Condo Blog - A Non-Corporate Blog From… (09:58:00) :

[...] The Barack Obama Contingency [Condo Blog - A Non-Corporate Blog From… …be released from their purchase contract “no questions asked” should the Democratic candidate lose to John McCain on Nov. 4, said Erik… [...]

29 10 2008
Toronto Condos Dude (10:01:29) :

Sweet!

I mean, I know a lot of people are waiting for this election to be over to make their property decisions (in Canada as well as the US), but this takes it to another level! Conditional upon financing, inspection, and oh yeah, that Barack Obama is elected President-AWESOME!

29 10 2008
Marcus (10:43:27) :

Absolutely hysterical. And right on.
And I have a similar clause on my desk-top diary that says if Obama doesn’t win on Nov 4th, I’m don’t have to get out of bed for two weeks, and I can act irrationally and throw random temper tantrums for a month and throw things at the wall!

29 10 2008
NY Condo Contract: No Obama, no Deal! | The Orlando Condo Blog (10:55:54) :

[...] This just in from our

30 10 2008
Leslie Yeransian (09:01:06) :

This is so ass backwards. You’ve got to be kidding me. Read the real FACTS that are out there and then try to comment intelligently. Know that any promise “The Obama Machine” makes to the American people is NULL & VOID. That means any hypothetical memo on your desk pertaining to real estate. The man already has broken the RULES of the game when it came to campaign spending. Last time I checked in with the definition of “socialism”….there’s no notion of “capitalism” even remotely attached to it. I believe your industry depends on MONEY….and CAPITALISM. Well you won’t be seeing it for nearly a decade if B.O. gets in office.

30 10 2008
How President John McCain Will Get You Out of That Condo Deal (10:07:16) :

[...] Tony Longo (Condodomain) addthis_url = [...]

30 10 2008
30 10 2008
Anthony Longo (14:35:21) :

Lots of action in here. I have to follow up on this more later!

31 10 2008
Mike Hussein Cohen (09:31:59) :

I’m planning to sell my condo in the US and move to Vancouver, Canada if McCain wins.

1 11 2008
Seriously? (11:35:58) :

discourses (the exchange of communication through texts) can be seen as having material intentions, symbolic intentions, or both.

When a dude has a BO contingency for a property, obviously this has a message of material value - i.e. “i’m putting my money where my mouth is…”

But, more importantly, there is a symbolic value to discourses and the vigorous exchange of texts, no? Isn’t that the genius behind the genre of blogging?

So, what I find so interesting about this is that SO MANY folks are putting so much symbolic value behind BO winning - putting “themselves” out there - saying, I believe is this so much that …. Blank. Or. Blank.

Considering how inactive our democracy has become - a kind of lethargy of spirit and “vigorous exchange” between each other as members of this democracy, I personally think that anyone putting themselves “out there” with symbolic gestures like BO contingencies, or I’m moving back to Vancouver, etc. etc. is just pretty energizing…

At the heart of freedom is the ability and desire to …

KEEP ON TALKING …

These sets of entries were a great read …

6 02 2009
commercial construction loan (17:00:39) :

commercial construction loan…

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