The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (57505)	7/11/2006 1:29:49 PM
From: Jim McMannis	Read Replies (3) of 306849

Port St. Lucie is a hotbed of overbuilt single family. 6 years ago the lots were $5k, They peaked at $120k. Not to mention the big developments like Tradition and the Lennar ones that are crap. This is the same area General Development co. was sued over for selling houses above market value back in 1980. Then the houses were like $65k but only worth $45k. One development up there they are trying to get $800k for a lot.

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