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


To: Think4Yourself who wrote (124723)5/22/2008 11:45:00 AM
From: Jim McMannisRespond to of 306849
 
I went to a Lennar open house the other night. They had one 1/2 finished model and 400 empty lots. They closed up an hour early because no one came. Plenty of food left. This was in Palm Beach county.

I suspect either the land will resort back to a cow pasture or will be sold to a mall developer.

At any rate, if they can sell homes in a prime location like that they are in really deep.