Talk of The Villages Florida - View Single Post - More info on Brownwood
Thread: More info on Brownwood
View Single Post
 
Old 05-08-2008, 02:17 PM
Midge538's Avatar
Midge538 Midge538 is offline
Senior Member
Join Date: Nov 2007
Posts: 320
Thanks: 0
Thanked 1 Time in 1 Post
Default Re: More info on Brownwood
The Brownwood postponement is just another sign of 'the developer's' growing financial problems. The overly ambitious plan to go on building through 2014, in a softened economy and a dramatically collapsed real estate market, has the developer facing tremendous and mounting carrying costs for all of those unsold lots and spec homes that we see. Something has to give. "Fasten your seatbelts."