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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (8389)	1/23/2003 12:11:22 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 306849

Les, Great Article. Just goes to show that if you don't own the land, the box on top of it is practically worthless, regardless of how nice a box. Regards, Dave

To: Les H who wrote (8389)	1/23/2003 12:22:02 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

as silly as those buyers were in that development, i think they may have a pretty good chance at a lawsuit. Some of the residents stuck in this financing twilight zone say the developers - and politicians who approved regulations allowing New Colony to be built as neither fish nor fowl - should have foreseen this problem. Their Realtors agree with them. "They had to know, once everyone was in, it was going to be a problem," said Souder, a RE/MAX agent. "The builder and the county both had to know."