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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (14959)11/10/2003 4:01:02 PM
From: Elroy JetsonRead Replies (1) of 306849
 
It's possible that Ryland learned their lesson. They bought Brock Development, with headquarters near Burbank CA, in the mid-1980s from CNA and the Brock family.

Ryland greatly expanded the Brock California operations and took a huge loss after the 50% decline in home prices after 1990. Perhaps once burned twice shy.
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