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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: vegetarian who wrote (30268)	3/2/2008 9:38:13 PM
From: TobagoJack	Read Replies (1) \| Respond to of 218304

they are trying to save the fat cat class and the financial institutions, because the empire needs them more than it gives a hoot about j6p

To: vegetarian who wrote (30268)	3/2/2008 9:43:03 PM
From: TobagoJack	Respond to of 218304

just in e-mail in-tray QUOTE FYI from a developer friend of mine: XYZ, I wanted you to see the email below, sent to me by a friend in the building business. Notice the price now being fetched by partially completed lots....down dramatically to almost worthless levels, less than 10% of invested capital! Regardless of what the press might say, this was a real deal by a national homebuilder that has not yet been reported. I have deleted the sender and recipients to protect their identities. Home-building is a broken business model for years to come! Thought you might want to know...see email below: XXXXX wrote: Subject: Land Deals Date: Sun, 2 Mar 2008 10:18:08 -0800 From: To: No land deals yet with size and terms suitable for our group. Some larger ones we are chasing, but too big for us. There may be an opportunity to co-invest on a larger one. The 850 half-finished lot deal I was telling you guys about in Rancho Cordova sold. Centex was selling it. My former colleague at Centex told me that they had $85MM invested in it and sold it for $8MM!! It sold to a local private developer with a one week escrow. Centex was anxious to get it off its books. UNQUOTE