GlobeSt.com: How long has AHI been around?
Stratton: It was born in the past year, but theconcept was actually first applied back in the '90s in the days ofthe RTC, when values were dropping significantly. About three orfour years ago, I got together with Sam Bradstreet, who ran theprogram back then and is our senior consultant, with the idea oftrying to start this up again. The timing now, of course, isperfect because of the subprime fallout. Gone are the days when twokids making $40,000 each can go out and buy a $700,000 home with afive-year balloon and no documentation. The number-one reason whypeople can't bridge the gap between renting and homeownership isthe down payment.
GlobeSt.com: Map out your mission for us,please.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
