|
|
LMFAO!!!!!
Ask all of these guys what they were saying in 2003-2006, then get back to me. Nevermind, I will tell you, "this boom will continue for 7-10 more years", "we have been discovered, we are on the national map now", "they are not making anymore land and this is the new gold rush". etc..
Then when things starting slowing down. What did they say? Let me tell you. "No one is walking away from land kid, you have no idea what you are talking about", "by the second half next year we will be booming again", etc...
There is already way too much inventory out there to absorb. The demand during the boom will not be coming back. 40% of the transactions were by speculators and floppers (failed flippers). They are not coming back. We have 3+ years of inventory to work off.
Let them build, most of these guys will go bankrupt anyway, good riddance! These guys are all hoping things will turn, actually they are dreaming.
Credit is getting tighter, foreclosures are increasing and...
|
|