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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Haim R. Branisteanu who wrote (24358)10/7/2004 5:28:02 AM
From: Elroy JetsonRead Replies (1) of 306849
 
Now let me guess, when this Las Vegas developer asked for your advice and help - they had already purchased the land, right?

I'm sure you know all too well that after they buy the land they only want to hear good news.

They've basically already locked in their potential loss or profit at that point.

I can't tell you how many California builders I've seen buy even before doing a geological assessment - which in California is like playing Russian Roulette.
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