Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Travis_Bickle who wrote (113087)	3/27/2008 12:31:54 PM
From: BWAC	Read Replies (1) \| Respond to of 306849

Maybe the builders do in fact have too much wrapped up in land, the prices they were paying were ridiculous. Here is the problem though. They need minimum 100 acres, would really like 400 acres to begin any new community on. Would you like a challenging exercise? Go find a suitable contiguous tract of that size near any major city. Can't find it, then pay up to put it together. Raw land suitable for economic development will quickly recover and go to new highs in the next building boom.

To: Travis_Bickle who wrote (113087)	3/27/2008 6:08:45 PM
From: GraceZ	Respond to of 306849

Lennar has all their land residing within their multitudes of unconsolidated joint ventures. All you have to worry about is the "contingent" liability as these things implode. There could be some debate about how well they've arranged a wall between them and the public company but the JVs are designed to implode and leave the mother ship intact. My favorite cute little nephew works in land acquisition at Lennar (and amazingly he still has a job) and has since 2005. All he's done every day since he got hired is sell off their land, he hasn't "acquired" a single lot.